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Emerging Market Loans

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  • FIG
    Turkey’s Sekerbank is confident that it will be able to close its one year loan before the end of the year, Ali Kucukcan, senior area manager and vice president of the bank’s financial institutions department, told EuroWeek. The bank is paying a margin of 90bp on the $100m deal.
  • Turkey’s Sekerbank will pay a margin of 90bp on its $100m one year deal. Ali Kucukcan, senior area manager and vice president of the financial institution department, told EuroWeek that although the schedule was tight the bank expects to close the deal before the end of the year.
  • The Swedish subsidiary of Petroswede, Svenska Petroleum Exploration, is seeking a $200m five year base borrowing facility to fund the development of the Baobab oil field off the coast of Cote d’Ivoire.
  • Standard Bank signed a $230m two year deal with a club of seven banks on Tuesday, according to bankers familiar with the deal.
  • MDM Bank launched the first standalone three year loan for a private sector Russian bank since 2008 into syndication on Tuesday. RZB is co-ordinating the $300m one and three year money dual-currency amortising loan.
  • Hong Kong’s Kerry Properties has launched a self-arranged HK$6bn ($774m) refinancing, offering a similar price to a loan from its holding company in July – and suggesting that pricing for Hong Kong property companies has levelled after tightening dramatically in the first half of the year.