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Emerging Market Loans

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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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  • Fertiliser company UralChem, which cancelled an initial public offering in April, could bring some welcome supply to Russia’s syndicated loan market, having begun discussions with banks to refinance existing debt.
  • Hungary’s OTP Bank signed a Eu250m syndicated loan on Friday, increasing it from Eu200m after managing to shrug off concerns about the country’s sovereign debt early last month.
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  • FIG
    Nomos Bank, a mid-sized private sector Russian lender, has mandated WestLB to coordinate a $150m one year loan. Nomos, rated Ba3/-/BB-, is proposing to pay 450bp all-in, a level that banks are expected to accept.
  • Russia’s Norilsk Nickel, the world’s biggest nickel producer, has repaid a $1.5bn syndicated facility signed in mid-2008.
  • Banks that committed to Egyptian General Petroleum Corp’s heavily oversubscribed $2bn pre-export financing are eagerly awaiting their allocations, which are expected to be announced on Monday.