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Emerging Market Loans

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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 the sole bookrunner.
  • First Pacific is in talks with banks about a possible $200m three year loan, less than two weeks after it sold a $400m bond to a large group of investors.
  • Bharat Forge, an Indian metal forging company, signed a bilateral loan of $60m last week with State Bank of India.
  • Nigerian industrial conglomerate Dangote Group is hoping to sign its debut $3.5bn seven year loan by the end of June.
  • FIG
    Russia’s largest private bank Alfa Bank has signed a $350m one year club deal from 10 mandated lead arrangers.
  • South African fashion retailer Edcon has signed a R4.12bn four year term loan to fund a bond repurchase.