Mandated lead arrangers and bookrunners, Raiffeisen Zentralbank Österreich and Standard Bank (together mandated lead arrangers) have announced the successful closing and signing of the US$24m term loan facility for JSC Bank Standard of Azerbaijan. The transaction was launched on the 19 March 2007 at US$10m to a select group of banks (the club). The club loan closed oversubscribed and the borrower has elected to increase the facility amount to US$24m. The loan has been successfully concluded by Bank Standard without the involvement of an international financial institution. The termination date of the facility is six months from signing date and pays a margin of 300 bps per annum over LIBOR. The facility will be used for general corporate purposes, including trade related purposes.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.