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Grandiose construction plans are having to be scaled back as Saudi borrowing rises, but the main point is social progress
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Angolan national oil company Sonangol will soon launch syndication for a loan that could be as large as $1bn, according to bankers, though most expect the African pipeline in the early year to remain muted.
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Natixis has made two new hires for its Asia sponsor finance and mergers and acquisitions teams in Hong Kong.
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Damien Loynes has been appointed head of syndicate for Europe, the Middle East and Africa at Crédit Agricole.
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Vietnamese conglomerate Vingroup Joint Stock Co and its automobile subsidiary VinFast have exercised part of a greenshoe option on their joint borrowing, boosting the loan size to $525m.
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Etihad Airways has signed a €100m loan linked to the UN’s Sustainable Development Goals. The deal is one of the latest ESG-linked financings signed in the Middle East, which is developing an appetite for sustainability-linked debt.
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VPBank Finance Company, the consumer finance arm of Vietnam Prosperity Joint Stock Commercial Bank, has increased the size of its loan to $200m after seven banks joined during general syndication