Alicia Villegas
Singapore’s GLP has raised capital for its purchase of Gazeley by tapping Chinese President Xi Jinping’s drive to improve trade with Europe.
Around a quarter of the French firm’s latest vehicle has been deployed, offering an average coupon of more than 5%.
The vehicle has exceeded its initial £500m target, with new investors accounting for 40% of commitments.
The German mortgage bank plans to lend again in the US through loan participations in the syndication market.