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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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TNK-BP buoyed Russia’s corporate loan market this week by raising $500m in syndication, defying initial concerns that it would struggle to pick up enough commitments. The borrower could raise $600m, said bankers close to the deal, as other lenders are close to making commitments.
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Zain, the Kuwaiti mobile phone group at the centre of takeover speculation, will soon close senior syndication of a $2.5bn refinancing loan for its Saudi business.