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Emerging Market Loans

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  • ICBC Finance Company, a wholly-owned subsidiary of Industrial and Commercial Bank of China, has wrapped up syndication of its $300m facility, after a group of six banks joined during general.
  • Malay pension fund KWAP out with £250m – Khopoli picks three for $205m – New Hope closes $100m debut – Poly to build $500m three year
  • After speculation that Taiwan Cement Corp International (TCCI) would close its $1bn five year fundraising as a club deal, the borrower did a U-turn last week by launching the loan into syndication.
  • Turkish car maker Ford Otosan has approached the development bank market for a €140m long term loan as it seeks to modernise and increase its manufacturing output and develop a new cargo truck.
  • Bank Rakyat Indonesia is sounding out lenders for a $300m three year loan, and issued a request for proposals on Monday, May 5.
  • After plenty of speculation that Taiwan Cement Corp International (TCCI) will close its $1bn five year fundraising as a club deal, the borrower has done a u-turn by launching its loan into syndication last week.