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Emerging Market Loans

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  • Russian petrochemical firm Sibur is looking to raise a $300m three year term loan. Banks had until Tuesday to respond to the firm’s request for proposals.
  • Saudi Automotive Services Co (Sasco) has signed Islamic financing facilities totalling SR255m ($70m) from Saudi Fransi Bank.
  • Turkish Islamic bank Albaraka Turk Katilim Bankasi will sign its one year murabaha facility at $450m- equivalent, after demand from Middle East lenders new to the credit saw the deal oversubscribed by 80%. Syndication has closed and the deal is set to sign imminently.
  • FIG
    Turkish Islamic bank Albaraka Türk Katilim Bankasi will sign its one year murabaha facility at $450m-equivalent, after demand from Middle East lenders new to the credit saw the deal oversubscribed by 80%. Syndication has closed and the deal is set to sign imminently.
  • India’s IDBI Bank has no plans to return to the international loan market in this calendar year, after finding enough bank demand to raise $250m.
  • FIG
    Turkey’s Isbank will sign its one year refinancing facility on Tuesday at 135bp all-in, the new benchmark margin for Turkish bank borrowers.