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Renamed company's $4.2bn murabaha facility has lifted Saudi banks
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
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Noble Group, a supplier of agricultural and energy products, metals and minerals, hit the market on March 24 with a $1.35bn 364-day revolving loan facility, led by an 18-member arranging group.
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Chinese company Hilong Holding has returned to the market for its second ever syndicated loan, opening up a $80m four year deal to lenders.
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Right Lane, a subsidiary of Chinese conglomerate Legend Holdings, has returned to the market for a bullet loan equivalent to $300m, managing to shave off more than 100bp in costs since its last fundraising.
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Australia’s Westfield Group and Roy Hill have separately raised jumbo loans over the past week, collectively amounting to more than $27bn.
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Supranational banks are rallying round to help Ukraine, with the International Monetary Fund and European Bank for Reconstruction and Development offering up to $21bn of loans over the next few years.
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Ziraat Bankasi, the Turkish state-owned agricultural bank, is due to sign a one year loan to refinance $700m-equivalent of debt early next week.