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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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Qatar Telecom (Qtel) this week made substantial progress on a $2bn syndicated loan that is expected to be launched into general syndication soon. -
Russian oil group TNK-BP will prepay a $600m syndicated loan next month. The borrower told lenders recently about the repayment, which comes two years before the loan, signed last year, matures.
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Promsvyazbank (PSB) is set to become the first Russian financial institution to complete a syndicated loan this year after lining up 11 banks for a club facility, an executive at the bank told EuroWeek.
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Asia’s deal-starved leveraged finance market may be set for a boost as bankers await the results of auctions for the Asian unit of Acument Global Technologies and Australian pallet hire company Loscam.
