Joint Stock Company Commercial Bank Center-invest (Center-invest) has announced that the one-year extension of the US$80m syndicated term loan facility was signed on 19 February 2008. The facility closed 81% oversubscribed at US$145m after additional banks joined the existing syndicate. The facility is the third successful international syndicated loan for Center-invest. It was arranged by Commerzbank and Standard Bank, the initial mandated lead arrangers. Standard Bank acted as documentation and facility agent. Thirty-seven banks from 12 different countries have participated in the extension.
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.