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HSBC, Mizuho and Standard Chartered coordinated deal which drew 10 lenders
Deal comes 11 years after the company's previous loan and was extended by two banks
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
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Tim Ritchie, arguably the most experienced syndicated loans banker in Europe, is set to leave Barclays Capital in September. The UK bank’s head of global loans syndicate will retire, drawing to a close a highly successful 30 year career at the firm.
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Three Russian borrowers closed ‘A/B’ loans backed by supranational institutions in the last week, highlighting the popularity of such deals.
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Oil group TNK-BP has delivered a timely boost to Russia’s recovering loan market by asking banks for a $750m facility in the country’s first big unsecured deal this year. -
Slovenian construction group Grep has obtained a Eu115m syndicated loan from a group of local lenders to build a sports centre in Ljubljana.
