06/12/2018at 13:38

Weakened bank loan terms for PE firms vex Nordic financial watchdogs

Danish financial regulators are worried about the rise of covenant-lite loans for private equity firms from the country's banks – and their counterparts in Sweden see similar developments.

Jyske Bank (picture above) and Nykredit are more open to taking risk when lending money to Private Equity buy outs. | Photo: Ritzau Scanpix/Mikkel Berg Pedersen

Carsten Steno

Fierce competition between the banks to lend to private-equity firms is making itself particularly apparent in loan terms – the so-called covenants.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Front page now

The environmental, social and governance ratings of exchange-traded funds are set to be downgraded by index provider MSCI. | Foto: Delcia Lopez/AP/Ritzau Scanpix

AMNews

Hundreds of funds set to lose ESG rating

Unpublished research by the world’s largest ETF provider, iShares, reveals that a tightening of ESG criteria from index provider MSCI will result in major downgrades in the ESG ratings of ETFs.

Pension

Danish FSA wants to raise cap on pension funds' guarantees

For subscribers

Søren Mørch is five months into his new job as Danske Bank AM's lead portfolio manager of EMD. | Photo: Danske Bank/pr

Fund Management

EMD manager sees attractive deals on the back of market sell-off

Magdalena Håkansson is Chair of the Council on Ethics of the Swedish AP Funds. | Foto: Ap1/pr

AMNews

Swedish-led pension majors to engage seven tech giants on human rights

For subscribers

Before founding Anthropocene Fixed Income Institute, Ulf Erlandsson worked at AP4, Barclays and Strukturinvest, now known as Strivo AB. | Foto: PR / Strukturinvest

AMNews

Fixed income think tank hires impact advisor from LSE

For subscribers

Together with AP6, the four major Swedish buffer funds are outperforming their Nordic peers. | Foto: Pr/ Ap1, Ap2, Ap3, Ap4

Pension

Swedish AP Funds outperform Norway’s oil fund and Denmark’s ATP

For subscribers

Swedish AP Funds outperform Norway’s oil fund and Denmark’s ATP

The Swedish state buffer funds are delivering good returns compared to their foreign peers, a report from consultancy firm McKinsey states.

For subscribers

AMNews

Hundreds of funds set to lose ESG rating

Unpublished research by the world’s largest ETF provider, iShares, reveals that a tightening of ESG criteria from index provider MSCI will result in major downgrades in the ESG ratings of ETFs.

Fund Management

EMD manager sees attractive deals on the back of market sell-off

Danske’s new EMD team has lowered its position in Chinese bonds due to fear of US sanctions. Instead, the team looks for attractive deals in countries hampered by the war in Ukraine.