LatAm Loans
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The Loan Market Association launched new primary loan documentation this week that aims to protect borrowers and syndicates against the effects of a lender default.
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The half year figures are rolling in, and, unsurprisingly, loans desks have had a dismal start to 2009. But reading between the lines, it transpires that this market is not, as so many had feared, dead — and nor can some of the biggest players in it, like Royal Bank of Scotland, be written off completely.
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UBS’s head of global syndicated finance for Europe and Asia, Jonathan Macdonald, has left the bank after 20 years at the firm. His last day at UBS was on Wednesday.