EM borrowers land success
Global Education Management Systems, a Dubai-based private education company, has a $200m five year loan in syndication, making it one of few Dubai-based private companies to tap the loan market since 2008. Meanwhile, Russia’s third largest coal exporter SDS Ugol proved that it is possible to safely move down the credit curve when its $150m underwritten deal was oversubscribed. Turn to EuroWeek on Friday for a full market update.
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