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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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Noble Group, the Singapore-listed trading company, has hired nine banks to extend an existing credit facility and enlarge it from $1.2bn to $1.8bn, turning to the loan market for its second extension of the year as it looks to minimise refinancing risks.
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Arrangers of a $175m facility for MDM Bank, the Russian privately-owned lender, are fine-tuning details on fees and tickets this week as the deal nears launch in early September. The five lead banks, mandated on Tuesday, will be testing the loan market’s appetite for Russian bank risk in the first such syndication this year. Read on for more analysis on the pricing and timing, and the market’s reaction. -
Russia’s Vnesheconombank (VEB) is expected to come back to prospective lenders next week on a potential $1bn facility, which is understood to be gathering pace. But some loans bankers are now suggesting that the facility, one of the first deals for a Russian bank borrower this year, could proceed into a general round of syndication instead of just being completed as a club.
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Singapore’s PowerSeraya has finally closed its S$2.25bn three year loan almost half a year after sole underwriter DBS launched the deal into syndication, raising hopes for other companies that are looking to refinance big loans in the Singapore dollar market.
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Fortune Real Estate Investment Trust announced a HK$3.1bn loan and HK$1.9bn rights issue on Monday, raising funds for a big acquisition at a time when other Asian Reits are still struggling to restructure their balance sheets.
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Bahrain’s Ahli United Bank, which became one of the very first borrowers to secure a forward start facility in September last year, it set to prepay $400m of a $1.2bn loan by the end of this month. The rest of that deal will be replaced by the bank’s $800m forward start when it kicks in this October.
