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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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Banks are set to be signed into a Eu500m facility for Etex, a manufacturer of building materials such as roofing and boards, clay bricks and paints and glues.
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South Africa’s MTN is making progress in its attempts to raise more than $3bn from the loan market, bankers said this week. The telecoms group will use the funds to back its proposed tie-up with India’s Bharti Airtel.
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BAT Tütün, the Turkish arm of British American Tobacco, has signed banks into its oversubscribed Eu700m three year refinancing. The borrower did not take an increase, despite raising more than Eu1bn in syndication.
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Debt-laden steel company Mechel eased its plight on Monday when it refinanced $2.6bn of syndicated loans. The deal marks the first major restructuring agreement to emerge from Russia this year.
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Mobile Telesystems has signed a $695m syndicated loan, becoming one of few Russian borrowers to tap the market this year. MTS, having closed senior syndication in May, raised about $95m in the retail phase from five banks.