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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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KGI Securities raised NT$5bn in Taiwan’s loan market, underlining its strong liquidity following a NT$31.35bn deal for China Network Systems, at the end of last week.
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Aabar, the Abu Dhabi investment group, gave the Middle East’s loan market some much-wanted supply yesterday (Thursday) when it launched a $2bn facility paying an all-in margin of just under 200bp. Sorouh Real Estate, meanwhile, is set to hit the market soon with a Dh2.35bn ($640m) facility that could be one of the last from the region before the start of Ramadan next month.
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EAST ASIA Korea Development Bank in the market with rare loan
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Bahrain’s Gulf Finance House, which shocked lenders early this year by seeking to defer $100m of bank debt for six months, is set to get a further extension of three years, chief executive Ted Pretty has told EuroWeek. He also revealed that GFH might launch a rights issue in the next six months.