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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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The Central Bank of Bahrain has begun a consultation with the kingdom’s Islamic banks on new rules designed for what it terms “special murabaha” financing contracts by the banks.
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Dutch company Vitol, which is buying Royal Dutch Shell’s Australian refinery and retail divisions, is seeking a loan of $2.05bn to fund the acquisition.
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Hong Kong-listed Citic Pacific signed its HK$8.8bn ($1.13bn) five year loan on Friday, April 4, which saw two banks joining during syndication.
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Haitong International Securities Group has launched a HK$1.5bn ($193m) three year loan to the market, as it seeks to refinance debt falling due this June.
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The $410m loan for Gallant Venture is gaining steam in syndication, with the leads already bringing in 22 banks in general, with more still pondering the deal.
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China’s Bank of Communications Finance Leasing Co has made its debut in the syndicated loan market by opening up a $150m three year onshore deal to lenders.