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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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HSBC has become the second lead bank to drop out of a loan of up to $2bn for a special purpose vehicle linked to oil firms Rosneft and BP.
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Russian telecommunications firm TransTeleCom has a signed a Rb3bn ($85m) five year credit line from VTB Bank.
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Bank Rakyat Indonesia, which is returning to the market for a $300m loan for the first time since 1997, is shunning syndication in favour of a club deal and has asked banks to respond with their interest by Thursday, June 5.
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Petronas’ subsidiary Malaysia International Shipping Corp (MISC), which approached banks for a loan in March, has increased the size of its fundraising to $1.55bn from the original $700m, opting to arrange the deal on its own as a club.
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Lloyds Bank has left its role as mandated lead arranger on a loan of around $2bn for a special purpose vehicle linked to oil firms Rosneft and BP.
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VTB Bank has approached banks for a new syndicated loan facility, in the latest sign that Russia's international loan market is opening up again after the Ukraine crisis.