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.
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