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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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Chinese Estates Holdings, the Hong Kong-listed developer, wrapped up its HK$3.6bn ($464m) loan on Monday after a total of 13 banks joined in syndication.
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Abu Dhabi’s International Petroleum Investment Co (IPIC), the government-owned firm, launched a $2.5bn syndicated loan on Monday night after delaying plans to issue a bond.
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Moody’s on Thursday downgraded all seven of Abu Dhabi’s government-owned companies that it rates, including Mubadala and International Petroleum Investment Co (IPIC), both of which are attempting big loan refinancings.
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Nova Ljubljanska Banka, which is discussing a three year loan of about Eu400m, will set the tone for how easily eastern European financial institutions can raise bank debt this year, said loans bankers on Monday.