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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 Corp has mandated nine banks for its latest fundraising, with the strong support at the top allowing the borrower to increase its loan to $650m from the $500m it had sought in its request for proposals. -
Sharjah Islamic Bank has become the first bank to join Nasdaq Dubai’s murabaha platform since its official launch last month.
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State Bank of India has closed its loan at $554.5m, managing to gather enough demand during syndication to increase its borrowing from the launch size of $390m.
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Noble Group, a supplier of agricultural and energy products, metals and minerals, has increased the final size of its loan to $2bn from the launch size of $1.35bn, with an impressive showing in syndication that saw some 40 banks join in.
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The e-commerce arm of China Minsheng Bank is raising money from the offshore renminbi market, launching into syndication an Rmb800m ($130m) one year facility.
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Azura Power Holdings has signed $1bn of debt and equity investment to build a flagship 450MW independent power project in Nigeria.
