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Emerging Market Loans

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  • Saudi Arabian urban developer Jabal Omar Development Co has obtained final approval from its lenders' Shariah boards to sign a SR5bn ($1.33bn) Islamic financing.
  • Russian oil firm TNK-BP has brushed aside worries over its ownership to sign a $675m three year loan from nine banks.
  • Saudi Arabian urban developer Jabal Omar Development Co has obtained final approval from its lenders’ Shariah boards to sign a SR5bn ($1.33bn) Islamic financing.
  • Asian loans bankers may have lost business to the bond market this year, but they have still been able to point to one of the key benefits of their market: flexibility with maturities. But now that the bond market is muscling in on shorter-term financing, even that argument is losing its strength.
  • Emerging markets loans bankers are a downbeat lot when it comes to loan price expectations, according to EuroWeek’s latest poll.
  • Croatian food maker Atlantic Grupa has started talks with the European Bank for Reconstruction and Development (EBRD) and the IFC to refinance €300m ($387m) of its debt.