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Volume dips only slightly despite there being a third fewer transactions
Strong appetite from international banks for first gigascale 24/7 solar plant
ECA-backed deal comes after AFC raises $2bn to fund infrastructure development
Deal was three times oversubscribed
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Indian Oil launched its $650m five year loan into syndication on Friday after adding five mandated lead arrangers and bookrunners to the existing nine.
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Indonesia Eximbank has finalised allocations for its loan, increasing the size of the deal thanks to the inclusion of a short-dated tranche that brought some rare lenders into the syndication.
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Indonesia Eximbank is looking to increase the size of its fundraising to close to $800m after receiving a positive response from the market in syndication, according to a banker working on the transaction.
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Commodities trader Gunvor Singapore, a wholly-owned subsidiary of Gunvor Group, has closed its syndicated facility at a much larger than targeted size of $536.6m, after it was oversubscribed in general syndication.
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Saudi Arabian fashion retailer AlHokair signed a SR1bn ($267m) Shariah-compliant financing facility with Gulf banks on Thursday and is preparing to price a debut sukuk next week.
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A loan of around $2bn linked to Russian state owned oil firm Rosneft suffered a double blow this week when half of the mandated lead arranger group fled the deal. Both HSBC and Lloyds dropped out showing that although Russian bonds may be about to enjoy a comeback, the crisis in Ukraine is keeping the Russian loan market under pressure, writes Michael Turner.