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Predictions 2025 would be a 'good vintage' dashed, but better deals could still advance
Making plans is difficult, but short term signs suggest bonds and loans resilient
BWICs spike and spreads widen but market remains constructive
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Executive has worked for the bank since 1998 -
The company was divested by its Chinese parent in October 2024
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Sustainability-linked revolver refinanced two years early
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Risk shifted from lending banks to insurance companies
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Loan comes after the company prints debut $1bn hybrid bond last week
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Class B creditors' chances of having their rescue plan adopted appear slim as lawyers judge their timing to be too late and highlight unprecedented nature of case
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