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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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Chinese sweet maker Labixiaoxin Snacks Group has closed a $75m loan after finding enough demand to attract three banks as bookrunners after the deal was launched — and use a greenshoe to increase it beyond its $60m initial target.
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The $150m loan for Chinese television maker TCL Multimedia Technology Holdings is expected to draw a strong response from lenders, which bankers think will be attracted by the pricing of 241bp over dollar Libor.
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Indian state-owned Numaligarh Refinery is preparing to make its debut in the offshore loan market, after sending out requests for proposals for a $90m loan — and in line with the downward pricing trend bankers expect the margin to be very tight.
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Zambian fertiliser firm Nyiombo has approached the market for a $150m one year trade finance loan.