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Emerging Market Loans

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  • Kuwait's Zain Group has signed an $800m five year revolving credit facility less than a week after Commercial Bank of Qatar signed the first Middle Eastern loan this year.
  • Capital Square Partners and CX Partners are buying Aditya Birla Minacs, the business process outsourcing unit of Indian company Aditya Birla Nuvo, and are seeking a loan of around $100m to fund the acquisition.
  • At least five or six banks are circling Chinese company Shanda Games to provide it with around $650m to help it go private via a leveraged buyout.
  • The Deposit Insurance Agency of Serbia is seeking to raise up to €200m and has approached the development bank market for a credit line as this will be much cheaper than a loan, according to the European Bank for Reconstruction and Development.
  • Malaysian conglomerate Sime Darby took its loan of A$600m ($535.3m) into general on Friday, February 28, with the bookrunners aiming to keep the syndication limited to just a few lenders.
  • Victory City International has revealed allocations for its loan signed on Friday, February 28, after managing to increase the size to HK$1.988bn ($256m) from the original target of HK$1.5bn.