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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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  • Egyptian General Petroleum Corp (EGPC) has met with a strong response from the loan market and sub-underwriters on its $2bn pre-export financing are set to be scaled back far below their target of $150m.
  • China Network Systems Co, the Taiwanese cable television service provider, signed a NT$31.35bn ($973m) loan on Friday. The deal underlines the liquidity available in Taiwan's bank market, coming a week after Taiwan Fertilizer signed an increased NT$8.4bn loan.
  • Agrokor, the Croatian supermarket group, has obtained one of the first corporate loans to come out of eastern Europe this year.
  • China State Construction signs HK$3bn loan increased
  • Swiss oil trader Gunvor has signed a $1.03bn facility, increasing the transaction from $750m after it was heavily oversubscribed. The 364 day revolver is split into a $785m tranche aimed at European lenders through Gunvor International and a $245m line for Asian investors available to Gunvor Singapore and guaranteed by Gunvor International. The deal marks Gunvor’s first foray into the Asian market.
  • The Municipality of Istanbul received plenty of commitments for a Eu151m loan backing the construction of the city’s Halic Bridge, with lenders getting hefty scale-backs when the deal was signed last week.