LOAN HOUSE: HSBC
Amid a quieter environment for syndicated lending, one institution stood out for maintaining a consistent presence
A year ago, prospects for Latin America's syndicated loan
market looked dim: borrowers were still jumping at
opportunities to tap bond markets at historically low funding
costs. Meanwhile, international lenders faced tougher capital
requirements under Basel III rules. But as conditions in the
bond markets wobbled in the second quarter, loans started to
picked up some of the slack, often with considerable size.
Mexican oil company Pemex, for example, signed a $1.25 billion
three-year revolver, Mexico's Comisión Federal de
Electricidad (CFE) agreed a $1.25 billion five-year revolver
and Argentine steel-maker...
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