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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 company NTPC, previously known as National Thermal Power Corp, is seeking a $250m offshore loan and has issued a request for proposals to banks.
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India’s Power Finance Corp has mandated three banks for a $250m five year fundraising, which has been in the works since the start of the year.
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Khopoli Investments, a subsidiary of India’s Tata Power, has launched into syndication a $205m three year loan priced at 210bp over dollar Libor, which bankers on the deal are hoping will be enough to generate strong interest from lenders.
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While sukuk issuance so far in 2014 has lagged last year and 2012 (the busiest for that asset class yet), Emaar Mall’s recent $1.5bn financing has taken Islamic loans into post-crisis record territory, according to the IFIS Loans Database.
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Azerbaijan's state-run oil company Socar has signed a $3.29bn project financing loan to fund its construction of its Star refinery in Turkey.
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Bank of London and Middle East has agreed a $15m five year murabaha facility for Virgin Mobile Middle East and Africa (VMMEA), the holding company for Virgin Mobile’s expansion into the Middle East and Africa.