Telefónica, a large telecommunications operator across the Spanish- and Portuguese-speaking world, has signed a term loan facility with Citigroup and Deutsche Bank for US$472m. Citi and Deutsche Bank acted as mandated lead arrangers. Deutsche Bank is also acting as facility agent.
The facility will finance a commercial contract signed between Telefónica and Ericsson for the procurement of 2G and 3G core network equipment and related services by Telefónica Group companies in Europe and Latin America over a two-year period.
The facility matures in 2019 and it benefits from a competitive fixed rate provided by AB Svensk Exportkredit (SEK) and comprehensive insurance cover from Exportkreditnämnden (EKN), the Swedish export credit agency.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
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.