LatAm Loans

Swiss energy and oil trader Gunvor has signed a $530m loan from six banks to finance the storage of crude oil in Panama.

Justin Crane is going to join Standard Chartered next year, working alongside Cristian Jonsson, who has been picked to become the bank’s next global head of loans. Crane, who left Credit Suisse last week, will become the head of loan distribution at the firm.

Lebanon’s Bank Audi has laid out plans for an ambitious international expansion, with new regional flagship branches and global offices planned in Latin America and Africa.

At least one mandated lead arranger from Finansbank’s November 2011 loan has opted not to lend to the bank again for this year’s deal, as poor projected secondary market prices and the impact on risk weighted assets prove too big an obstacle.