United Kingdom

Sandrine Bradley

Saudi Aramco in early talks on jumbo debt deal

05 Sep 2018

LONDON (LPC) - Oil and gas giant Saudi Aramco is having preliminary talks with banks about a potential debt financing of up to $70 billion (54.7 billion pounds)

Saudi’s PIF to sign US$11bn loan next week

04 Sep 2018

LONDON, Sept 4 (LPC) - Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF), is set to sign a US$11bn syndicated loan next week, according to bankers close to the deal, which will help to fund the kingdom's economic transformation plans.

Akbank aims to refinance loan by end September

03 Sep 2018

LONDON, Sept 3 (LPC) - Turkey's Akbank is expecting to sign a loan refinancing in late September, as Turkey’s deepening financial crisis hampers banks' attempts to refinance US$6.4bn of syndicated loans before the end of the year.

Turkish banks' secondary loan prices hit six-year low

23 Aug 2018

LONDON, Aug 23 (LPC) - Turkish banks' secondary loan prices have hit their lowest point since early 2012, further complicating their efforts to refinance billions of dollars of loans as the country's financial crisis shows no signs of easing.

Exclusive - Russia's Gazprom suspends external borrowing amid spat with Naftogaz: sources

06 Aug 2018

MOSCOW/LONDON Russia's Gazprom suspended its external borrowing programme earlier this year because of a deepening legal dispute with Ukraine's Naftogaz over gas supplies, three banking sources told Reuters.

Bankers weigh giant Aramco-Sabic debt financing

27 Jul 2018

LONDON (LPC) - Bankers are discussing a potential jumbo financing of up to US$70bn to back oil giant Saudi Aramco’s acquisition of a majority stake in Saudi Arabia Basic Industries Corp (Sabic) .

Steinhoff seeks further debt standstill from creditors

27 Jun 2018

LONDON (LPC) - Troubled retailer Steinhoff said it is seeking a further three week standstill from creditors on its debt obligations as a financial restructuring nears agreement.

Steinhoff seeks further debt standstill from creditors

27 Jun 2018

LONDON, June 27 (LPC) - Troubled retailer Steinhoff is set to announce a further three week standstill from creditors on its debt obligations on Wednesday, as a financial restructuring nears agreement, according to sources close to the situation.

Lenders poised to take control of Turk Telekom

23 May 2018

LONDON (LPC) - Banks are set to take majority control of Turk Telekom in a debt restructuring that will see them take over Turkish holding company Otas, which owns a 55% stake in Turk Telekom, banking sources said on Wednesday.

UK high street slowdown stretching banks' provisioning limits

18 May 2018

(This version of the May 17 story corrects to show Maplin repaid loan to Wells Fargo)

World News

Trump says he 'easily' answered Russia probe questions

President Donald Trump on Friday said he had "very easily" completed his written answers for Special Counsel Robert Mueller's investigation into Russia's role in the 2016 U.S. election, but had not yet submitted them to Mueller's office.