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Emerging Market Loans

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  • Russian credit Gazprombank has approached its lending group to try to tighten the margin on a $600m one year club deal that it has in the market.
  • Turkish energy firm Bis Enerji Elektrik Uretim has signed a $66.3m export credit agency-backed loan to expand its power plant in Bursa city, 200km south of Istanbul.
  • FIG
    Pan-African development bank PTA Bank has launched a $100m two year facility into general syndication.
  • Turkish real estate investment trust Is Gayrimenkul Yatirim Ortakligi (Is Reit) has signed a $50m two year murabaha financing from a syndicate of Gulf Co-operation Council banks.
  • FIG
    Turk Ekonomi Bankasi (TEB) has signed a $435.5m-equivalent one year refinancing, becoming the second Turkish bank to sign a loan at a margin of 135bp this year.
  • African energy firm OrPower 4 has signed a limited recourse project finance agreement for up to $310m to develop a geothermal power plant in Kenya.