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Emerging Market Loans

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  • Telecom company Tata Communications is asking banks to lend it US$240 million, a deal that should gain good interest given that it is the company's first loan since December 2010.
  • For the news-obsessed journo, where better to go these days than Turkey? With continual rioting in Istanbul, a corruption scandal that’s already engulfed three government ministers and countless police officers, and the dramatic effect of the US's QE tapering on the Turkish lira, it is a world of wonder for a keen reporter.
  • South African telecoms firm MTN Group has appointed Barclays to coordinate a $1bn five year revolving credit facility.
  • It has only been a year since United Asia Finance last tapped lenders, but it is back in the market again for a HK$2.25bn ($290m) four year deal.
  • Commodities firm Cargill has opened up its $1bn loan into general syndication, managing to pull off pricing of low 30bp over dollar Libor.
  • Venetian Macau has wrapped up the syndication of its $1.5bn revolver, after netting three banks during the general phase.