Metalloinvest, a large iron ore producer in Europe and Commonwealth of Independent States (CIS), has mandated BNP Paribas and Deutsche Bank to arrange a US$1.2bn syndicated pre-export finance facility. The facility will be used to refinance existing indebtedness, including the US$1.6bn term loan facility signed in July 2008), and for general corporate purposes, including trade finance.
The tenor of the facility is five years and benefits from a margin set on the basis of a debt to earnings before interest, taxes, depreciation, and amortisation (EBITDA) ratio. It is anticipated that the mandated lead arrangers and bookrunners will launch syndication in the second half of February 2011.
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