Volvo Treasury has signed a €1.2bn multi-currency revolving credit facility. The facility replaces the company’s existing US$1.4bn revolving credit facility signed in May 2006. The new facility has a tenor of five years and serves for general corporate purposes.
Citi, DNB Market, Handelsbanken Capital Markets and HSBC Bank, acted as co-ordinators for the arrangement and syndication of the facility. The credit facility was well received in the market and closed significantly oversubscribed. With 21 participating banks, both existing as well as new relationship banks, the credit facility is well diversified.
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.