Metinvest has closed a US$850m pre-export facility. The majority of the proceeds will be used to replace two existing pre-export finance facilities on improved terms. The tenor of the new loan is five years, paying an interest margin of 3% per annum over LIBOR.
The deal was signed with five mandated lead arrangers and bookrunners: Deutsche Bank, ING Bank, Natixis, UniCredit Bank, WestLB, and one mandated lead arranger: BNP Paribas. Deutsche Bank is also acting as co-ordinating mandated lead arranger, facility agent and security trustee.
The bookrunners are preparing to launch syndication to a wider bank group in September. The exercise will be relationship defining and will target an increase of the facility amount.
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