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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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  • Asia’s leveraged finance bankers have until the end of the week to confirm their financing commitments for what will be only the region’s third big leveraged buy-out of the year before second round bids for Japanese telemarketing firm BellSystem24 are due on Friday.
  • An $800m forward start facility for South African media group Naspers is getting support from the loan market, assuaging fears that banks might cut ties with emerging market borrowers.
  • Motorcycle financing company Summit Oto Finance launched a $75m A/B loan last week through sole bookrunner Royal Bank of Scotland, continuing the string of new deals to come out of Indonesia.
  • Beijing Enterprises Water (Group) has received several commitments for its maiden $100m syndicated loan after two weeks in the market, highlighting demand for red-chip credits in Asia's deal-starved loan market.
  • Kuwait’s Global Investment House took a major step towards restructuring its $3bn of debt when it signed an agreement with its creditors’ steering committee on Sunday.
  • Citic Ka Wah has hired Frederick Fu as a first vice president in the structured finance and syndication team in Hong Kong. Fu will report to Stephen Ching, who heads the group.