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Emerging Market Loans

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  • Qatar Telecom (QTel) has broken into Islamic financing with a €500m 18 month revolving murabaha financing facility from Qatar Islamic Bank (QIB).
  • Croatian food group Atlantic Grupa has signed a €307m refinancing package from multilateral and commercial banks in a deal that marks Sberbank’s debut in a large loan to a client in south eastern Europe, according to the borrower.
  • The Moroccan Agency for Solar Energy has signed a €100m loan to finance the construction of the first large solar thermal power plant in Morocco.
  • Chinese banks will keep up their steady growth in lending next year, sustaining a double-digit rise in loan volumes despite falling rates and a slowing economy, according to CreditSights analysts.
  • A flurry of Turkish bank deals is expected to close soon, with Garanti, Finansbank and Fibabanka all pencilled in to sign before the end of the month.
  • SSA
    Kosovo is set to become the 66th member of the European Bank for Reconstruction and Development, as the bank continues its push into new territory.