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Emerging Market Loans

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  • A consortium of Saudi and US industrial firms has appointed HSBC to advise on funding options for a $7bn greenfield phosphate project.
  • PrimeCredit launched its HK$900m ($115.9m) two year loan into syndication on Wednesday, as the consumer finance services provider attempts to refinance its existing debt.
  • Kuwaiti telecoms firm Zain has signed a $700m three year revolving credit facility from seven mandated lead arrangers.
  • The syndication of Giti Tire’s $275m loan has closed, after the bookrunner gathered commitments from a group of nine lenders. The overwhelming response from banks led to the company increasing the deal size from the mooted $225m.
  • Bankers have launched Zhongyu Gas Holdings’ $60m loan into syndication, just a few weeks after its parent company, China Gas, significantly boosted the size of its own deal.
  • Chandra Sakti Utama Leasing has closed syndication on its debut offshore $110m loan, after gathering commitments from a group of 10 lenders. The two bookrunners are now finalising allocations for the deal, which was increased in size by $30m.