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.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more