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Emerging Market Loans

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  • Russian mineral fertiliser producer EuroChem has signed its $1.3bn five year pre-export finance (PXF) loan. Bank of America, BTMU, Barclays Capital, BNP Paribas, Citi, Crédit Agricole, HSBC, ING, Natixis, Nordea, RBI, RBS, SMBC and ZAO Raiffeisenbank were mandated lead arrangers and bookrunners on the deal.
  • SMBC has recruited Commerzbank’s Eric Zimny to be its new head of emerging markets syndications. In the newly created role, Zimny will head both corporate and FI lending for SMBC’s emerging market clients in EMEA. He will report to Alison Ress, deputy general manager and head of syndications at SMBC.
  • Arrangers on Polkomtel’s Z6.394bn ($2.2bn) of senior loans are hopeful that no euro-denominated loans will be needed after receiving good demand from banks during the zloty syndication.
  • Dirk Hentschel has resigned from WestLB and EuroWeek understands that he is set to join Société Génerale’s expanding distribution team in the coming months. Hentschel will finish at the WestLB at the end of this month.
  • SMBC has recruited Commerzbank’s Eric Zimny to be its new head of emerging markets syndications.
  • Thursday, 04 August 2011 03.08.2011, Jeddah, KSA - The Board of Executive Directors of the Islamic Development Bank (IDB) concluded its 277th meeting in Jeddah, Kingdom of Saudi Arabia, approving US$ 494.73 million in financing for new development projects in member countries and Muslim communities in different parts of the world including a US$ 1 million urgent relief aid to the famine stricken Somalia. Chaired by IDB Group President, Dr. Ahmad Mohamed Ali, the meeting approvals included; “US$ 200 million South Helwan Power Plant Project in Egypt" and “US$ 200 million Ashungahj Power Station Efficiency Improvement Project in Bangladesh", in addition to other projects in Lebanon (US$ 37.2 million), Burkina Faso (US$ 23 million), Cameroon (US$ 16.4 Million), Senegal (US$ 15.6 million).