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Emerging Market Loans

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  • Ukrainian steel group Metinvest is set to launch a $300m pre export finance facility into general syndication.
  • Loans bankers working on a $500m refinancing for Sateri Holdings are now in discussions with potential lenders in Asia and Latin America about joining the deal, but they have still not come up with a firm deadline for commitments.
  • Standard Chartered has given Cristian Jonsson, its global head of bond syndicate, the top loans job at the firm, replacing Philip Cracknell, who is now planning to retire.
  • Saudi engineering firm Abdullah AM Al-Khodari Sons Co has signed a SR736m ($196m) Islamic financing facility, the borrower's second Shariah compliant deal in a fortnight.
  • Pertamina is offering an early-bird fee of 5bp for banks that commit to its $602m five year loan by December 20, increasing the chances the bookrunners will be able to sew up syndication before the end of the year.
  • Siberian Coal Energy Company (Suek) has signed a $600m five year pre export finance facility after approaching banks in March for the loan.