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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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Banks working on Inghams Enterprises’ A$748m leveraged buyout loan have closed and allocated the commitments received during senior syndication, managing to avoid going into general altogether.
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After a quiet start of the year that saw Islamic syndicated loan volumes plummet, Shariah-compliant lenders have rediscovered their stride this week with $1.13bn-equivalent of loans either signed or in the market.
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Zhejiang New Century Hotel Management’s $297m multi-tranche loan has launched into general syndication, with the Chinese company appointing Standard Chartered as sole bookrunner.