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Emerging Market Loans

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  • Ghana Cocoa Board (Cocobod) has closed its annual refinancing, securing a $1.3bn facility from a range of international lenders. The facility, Cocobod's second international borrowing this year, has tighter margins than last year's round, illustrating a healthy appetite for one of Africa's most frequent borrowers.
  • Chinese acoustic components maker GoerTek is making a comeback to the loan market after a two-year break, seeking $300m for refinancing.
  • China’s JA Solar Holdings, which was taken private last year, has returned to the offshore loan market, inviting banks to join a $100m facility.
  • Kenny Chan, head of syndicated finance and corporate advisory at Hang Seng Bank, has left the lender, according to sources.
  • Two UK airports set to sell US private placements - Market first as Northern Irish housing association seeks US PPs - Kernel set to secure yet another facility, as EBRD continues Ukrainian push - RMB Mauritius secures loan, months after dollar debt transfer
  • Myanmar has made a raft of regulatory changes to attract foreign investment, removing ownership limits and cutting red tape. But senior figures in the country admit that poor infrastructure is a major problem — and the solution requires private capital. Morgan Davis reports.