Bulker owner and operator Pacific Basin Shipping Limited has closed a new $250m sustainability-linked 7-year senior secured committed revolving credit facility. The new credit facility will be used for for general corporate purposes, according to the Hong Kong-based firm, which...
According to the report, Singapore’s strategic location, strong international orientation, and robust ecosystem of professional maritime services are responsible for its ongoing dominance in global shipping. With a nearly flawless score of 99.5 out of 100 on the 2025 Xinhua-Baltic...
Over 190 governments have adopted a “once-in-a-decade” UN pledge to renew the global framework for development finance, outlining a detailed plan to help mobilise private sector capital alongside public funding. Following a year of research, talks and redrafting, the Sevilla...
Direct lenders are pitching higher leverage ratios as a sweetener for deals, particularly for companies owned by private equity firms. Finding steep competition from the broadly syndicated market, private credit firms are offering one benefit to potential borrowers: leverage. Direct lenders...
The Asian financial hub has been stepping up efforts to attract the wealthy with tax concessions and residency plans. BNP Paribas said Hong Kong’s boom in initial public offerings (IPOs) is adding further momentum to its Asia wealth business after...
Global policy group details recommendations for dealing with risks to financial stability. As part of its ongoing efforts to address the risks posed by the growing shadow banking sector, the Financial Stability Board (FSB) is recommending a series of policy...
The European Commission (EU) and the European Investment Bank has announced that €3.66 billion have been disbursed from the Modernisation Fund to support 34 energy related projects in nine EU Member States, reported WAM. These investments will support the modernisation...
As ETFs lure retail investors, private credit’s advantages could be in peril. As private credit investments become increasingly popular with retail investors, the asset class may lose the very features that make it appealing in the first place, a paper...
U.S. Bank has completed its first fully digital trade finance transaction, as financial institutions move away from paper-based processes in international trade. The Minneapolis-based bank is the first American lender to execute a transaction using WaveBL, a blockchain platform that...
Wall Street banks including JPMorgan Chase and UBS have begun pitching a $4.25bn debt financing package to investors to support private equity firm Sycamore Partners’ buyout of UK pharmacy chain Boots. The debt offering, split between term loans and secured...
