Latest emerging markets loans news

• Polymetal emerges from Russian sanctions rubble

  

  Mining company Polymetal has converted an existing $80m bilateral credit facility with ING into a sustainability linked loan. It is the first loan market activity from Russia since the US announced a fresh round of sanctions against some of the country’s oligarchs.

  • 06:45 PM

• Fiat India cuts price of old loan after successful car debut

  

  Fiat India Automobiles, the India-based wholly-owned subsidiary of Italy’s FCA Group, has cut the price of a $250m old project loan by converting it into a corporate finance deal.

  • 12:00 PM

• UAF makes quick return for HK$1.6bn borrowing

  

  United Asia Finance, a personal loan provider in Hong Kong, is making a quick return for a HK$1.6bn ($203m) term loan, just two months after sealing its last borrowing.

  • 11:45 AM

• Vakifbank shrugs off downgrade to maintain loan status quo

  

  Turkey’s Vakifbank has signed a dual tranche loan totalling $1.3bn-equivalent, in line with its domestic rivals, despite Moody’s taking the axe to the bank’s ratings last month.

  • 11:00 AM

• Albaraka Turk ramps up Islamic loan in syndication

  

  Turkish participation bank Albaraka Turk added around $100m to its murabaha loan during syndication after signing the final deal at $318m-equivalent.

  • 11:00 AM

• LMA launches new ECA documentation

  

  The Loan Market Association launched a recommended facility agreement for export finance loans supported by an export credit agency on Wednesday.

  • 25 Apr 2018

• Iberdrola Mexico gets green loan first

  

  Iberdrola’s Mexican subsidiary became the first company to close a green loan in the country this week, with BBVA continuing its determined push into sustainable finance by leading the deal.

  • 25 Apr 2018

• Polymetal emerges from Russian sanctions rubble with loan switch

  

  Mining company Polymetal has converted an existing $80m bilateral credit facility with ING into a sustainability-linked loan. It is the first loan market activity from Russia since the US announced a fresh round of sanctions against some of the country’s oligarchs.

  • 25 Apr 2018

• Aspen gives shot in the arm to foundering African loan volumes

  

  South Africa’s Aspen Pharmaceuticals has mandated banks to arrange a refinancing exercise, according to two bankers away from the top line, as African loan bankers face a meagre pipeline of business following lower first quarter volumes than the same period last year.

  • 24 Apr 2018

• Dutch duo EM loan fund hits $250m

  

  The investment arm of Dutch agency FMO and NN Investment Partners has raised $250m in its first round of fundraising for an emerging and frontier market loan fund, surpassing the minimum target by 25%.

  • 24 Apr 2018

Emerging markets loans news archive