Top Section/Ad
Top Section/Ad
Most recent
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
More articles/Ad
More articles/Ad
More articles
-
Funding conditions for banks lending in the emerging markets have deteriorated, according to banks polled in a survey by the Institute of International Finance (IIF), although overall conditions improved.
-
IDBI Bank approached lenders with a $250m one and three year loan this week that bankers are optimistic will do well despite turbulent equity and credit markets. Some 10 bookrunners have agreed to cover the deal, and the borrower will use any commitments in general syndication to boost the loan.
-
State-owned Indian Railway Finance Corp approached banks with a $200m loan on August 5, offering a haven to lenders shocked by the steady flow of bad news and volatility over recent months.
-
Banks are seeking credit approval to lend to a crowd of commodity companies waiting to tap the loan market. Stemcor, Mercuria Energy and Arcadia Energy are all looking to refinance maturing loans — and bankers could launch the first of these deals by the end of the month.
-
Asian loans bankers remained upbeat this week as investors fled stock markets and new bond issues stalled. Lenders think it will be some time before liquidity and pricing in the loan market will be hit — and they are still launching new deals.
-
Indian multinational Reliance Industries signed a $1.09bn deal on Thursday, after attracting the biggest Asian syndicate to a five year loan all year. But the borrower had to pay up to make sure it got demand.