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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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Dominic Schultens has left his role of director, emerging market loan syndication at Credit Suisse. -
China Shanshui Cement has made its debut in the syndication market, launching into general a $300m three year facility for its refinancing needs.
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Socar, the state oil company of Azerbaijan, is due to sign a debt facility of around $3.5bn on May 27 for the construction of its $5bn Star refinery in Turkey.
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Turkey's İşbank has signed two loans totalling $1.6bn from commercial lenders and the European Investment Bank.
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Indian mortgage lender Housing Development Finance Corp signed its $300m five year facility on Friday, May 9, which saw commitments worth $45m come in from banks that joined in general syndication.
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Technology company Lenovo Group, which approached banks earlier this year for a $1bn loan to support its acquisitions, has cancelled its plans after pulling off a blockbuster $1.5bn debut bond issuance at the end of April.
