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Emerging Market Loans

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  • Abu Dhabi real estate company Sorouh launched a Dh3.5bn ($952m) loan into syndication 10 days ago, according to bankers familiar with the facility.
  • Bank Saint Petersburg has signed a $55m one year club deal, having cancelled a wider syndication of the facility after a weak response from lenders.
  • AU Optronics is set to sign a $360m loan on Friday, increased after the Taiwanese borrower exercised a greenshoe option on a $300m loan.
  • San Miguel closed syndication of a $1bn loan on Friday, after eight additional banks joined the syndicate rendering unnecessary a previous call for underwriters to commit more money to guarantee the deal reached its target.
  • Healthscope is preparing to syndicate a A$1.5bn ($1.3bn) acquisition loan next week, as it tests demand for Australian leveraged finance deals in the wake of a A$330m deal from Study Group that is set to close on Tuesday.
  • FIG
    Bahrain-based Gulf Finance House plans to raise $300m through the sale of Shariah-compliant convertible securities, hoping to return to growth after being hit by the financial crisis. It mandated Deutsche Bank as structuring agent for the sale.