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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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Commodities trader Gunvor Singapore, a wholly-owned subsidiary of Gunvor Group, has opened up a $350m loan to the market, less than the anticipated $650m-$700m that it was first understood to be considering in March. -
Arab Petroleum Investments Corporation (Apicorp) has signed a five year murabaha facility with Saudi Arabia’s Al Rajhi Bank for SR1bn ($267m).
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Eastern Sugar Co (Nuran Sugar) has signed its long awaited Shariah-compliant financing worth E£1.5bn ($217m) with 13 banks in total according to a senior banker on the deal.
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India’s Reliance Industries has raised a loan of $550m with a tenor of 12 years, after bringing on board export credit agencies and a group of Japanese banks.
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Allocations are out for Indonesian company Adira Dinamika Multi Finance’s loan of $300m, which has increased by $100m after strong demand in syndication.
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SingTel signed loans worth a chunky S$3.5bn ($2.8bn) via two separate facilities this week, in deals that saw a large number of banks piling in.
