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Absa, FirstRand and Standard Bank were MLAs in first deal after private equity exit
Omani oil company has pushed out maturity by a year
Renamed company's $4.2bn murabaha facility has lifted Saudi banks
Volume dips only slightly despite there being a third fewer transactions
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Cocobod back to tempt bankers’ sweet tooth
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Borrowers in the Gulf Cooperation Council are likely to come to rely more on Asian and regional lenders if a funding gap caused by deleveraging European banks occurs, said Moody’s in a report issued on Monday. But European bankers have warned that GCC firms must follow the pricing lead shown by Russian names if they want to continue attracting syndicated loans.
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Courts (Malaysia), an electronics and furniture retailer, has pulled off a rare Asian securitisation, turning to bank lenders and fixed income investors for MR300m ($97.26m) of funding.
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Soho China is in discussions with bankers about a return to the international loan market, adding to the supply of Chinese property companies in the tepid borrowing market this year. But some bankers are being forced to weigh up the different deals, knowing that their credit committees will not allow them to take all of them at once.
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Croatian food and drink retailer Agrokor has signed a €75m club facility from international and domestic banks. BNP Paribas, JP Morgan and Zagrebacka Banka are providing the funds for the three year loan. Zagrebacka acted as facility agent.
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A UAE federal government committee has cut troubled Dubai mortgage lender Amlak's debt by Dh4bn ($1.09bn) as part of restructuring initiatives. Economy minister Saeed Al-Mansouri said the government will not allow such companies to go bankrupt and that it has prioritised the rights and interests of Amlak shareholders.