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Saudi Arabia mining firm furths relationships with international banks following a $1bn sukuk in January
First Abu Dhabi joins the syndicate for the short term loan all but equalling the size of a previous revolving facility
Absa, FirstRand and Standard Bank were MLAs in first deal after private equity exit
Omani oil company has pushed out maturity by a year
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Romanian aluminium firm Alro on Wednesday completed the biggest syndicated loan from the country this year.
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EAST ASIA Sinochem’s HK holdco signs, allocates upped $1bn facility
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Rural Electrification Corp has extended the commitment deadline on its $200m loan to August 27, allowing banks working on the deal time to complete their credit approval, while Power Finance Corp is attempting the first yen deal from an Indian borrower since September 2008.
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The prospect of another bumper acquisition financing this week cheered Asia’s loans bankers as it emerged Vedanta Resources would back a buy-out of Cairn India with up to $6.5bn of loans.