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Emerging Market Loans

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  • Hikma Pharmaceuticals has arranged a seven year loan to back its acquisition of Morocco’s Société de Promotion Pharmaceutique du Maghreb (Promopharm).
  • Orascom Construction Industries (OCI), a producer of construction materials and fertiliser — and one of the first private Egyptian borrowers to approach international banks for financing since the country's recent revolution — has completed loans of $2.2bn.
  • Hindustan Petroleum Corp increased the size of its five year term loan to $465m when it signed the deal last week. The company attracted 13 banks alongside the three bookrunners, allowing it to boost the loan from an initial $300m target.
  • Zambia’s Konkola Copper Mines has signed a $700m term loan arranged and underwritten by Standard Bank, which has also provided a $500m bridge facility to refinance shareholder loans with its parent, Vedanta Resources.
  • FIG
    Turkish bank Yapi Kredi has matched the 100bp all-in margin achieved by its rivals Akbank, Isbank and Vakifbank earlier in the year, signing a €900m dual-currency loan arranged by UniCredit.
  • FIG
    Turkish bank Yapi Kredi has matched the 100bp all-in margin achieved by its rivals Akbank, Isbank and Vakifbank earlier in the year, signing a €900m dual-currency loan arranged by UniCredit.