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Grandiose construction plans are having to be scaled back as Saudi borrowing rises, but the main point is social progress
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Singapore hard disk drive company MMI International has sent out extension requests to lenders on a $580m loan, as it struggles to make the outstanding payment on time. -
Hong Kong jewellery company Chow Tai Fook is taking a flexible approach to its loan market return during the Covid-19 pandemic, giving banks seven participation levels to choose from.
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UPDATED 16 May 3am BST Since March 18, when Europe's coronavirus caseload overtook east Asia's, it has had the most cases. On Tuesday Europe was surpassed by the Americas, which now has 1.86m as of Thursday.
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Yapi Kredi is the latest Turkish bank to refinance existing debt, following peers like Akbank and VakifBank. But bankers said that margins on its deal do not reflect current market conditions.
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Charoen Pokphand Group has launched a $7.15bn-equivalent loan into general syndication after attracting five banks at the senior level.
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China’s Powerlong Real Estate Holdings has closed a $200m-equivalent loan with three banks.
