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Syndicated LoansEmerging Market Loans

Muted optimism spurs EM loan market as banks hope for better year

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Nigeria’s Bank of Industry, which is majority state-owned, has raised a $1bn syndicated loan in one of the rare sparks of emerging market loan activity over the last 12 months. After a disappointing year, bankers are longing for a return to pre-Covid issuance volumes.

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