Weekly data sheet: Lenders busy as borrowers move to refinance

Investment banks, German banks and non-bank lenders have all been active in a busy period for some borrowers.

Citi, Deutsche Bank, Goldman Sachs and Oaktree-backed non-bank lender Silbury signed off new loans as did Berlin Hyp, Helaba, pbb and LBBW.

Almost half of the lending closing in the last week was refinancing as debt financing and management becomes the biggest strategy priority for more borrowers in the face of rising interest rates.

Sirius Real Estate, for example, announced that it had completed an early €170 mln refinancing, locking in a 4.26% fixed rate for seven years.

Equity transactions this week included P3 Logistic Parks winning the bidding to develop a large distribution hub next to Barajas airport at Madrid - at a lower price than airport operator and landowner Aena had hoped for during the sales process this year.

Among deals falling out of bed, according to React News, was Norges Bank IM’s plan to sell the HQ of Credit Suisse - a €1 bn-plus transaction - when the Korean bidder pulled out due to the rising cost of debt.

We also track new assets on the market and funds raising capital.

Click here to access all the data.


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