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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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Pan Jit Asia International Inc signed its $72m revolver last week through bookrunners China Development Bank, Land Bank of Taiwan, Mega International Commercial Bank, Ta Chong Bank, Taishin Financial, Taiwan Business Bank and Taiwan Cooperative Bank.
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India’s Rural Electrification Corp (REC) invited bids for a $250m offshore financing on Wednesday, testing lenders for the third time this year in a move driven by falling margins in the resurgent Asian loan market.
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Swedish oil company PA Resources launched a $125m syndicated loan on Tuesday through sole bookrunner Standard Bank, and is targeting Asian lenders for the one year bridge.
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Computer accessory producer Qisda Corp signed its NT$9.6bn five year loan last Friday.