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Grandiose construction plans are having to be scaled back as Saudi borrowing rises, but the main point is social progress
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China Lesso Group Holding has launched a $900m four year borrowing into general syndication.
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New Frontier Corp, a Hong Kong-based special purpose acquisition company (Spac), is planning to raise $300m-equivalent to support its $1.44bn purchase of China’s United Family Healthcare.
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The Philippines’ Aboitiz Power Corp has found support from a group of 22 banks for a $300m loan that will finance its acquisition of AC Energy’s thermal power company.
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BNP Paribas hires UK advisory head — Créd Ag’s credit unit chief moves to markets role — AIIB hires ICBC loan syndicator.
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Savvy borrowers are squeezing loan banks out of co-ordinator spots by increasingly arranging their own deals, in a slow burning trend that has been thrust into much sharper focus in the EMEA loan markets after a year of painfully low volumes.
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Sibanthracite to switch loan from dollars to euros — IGT cuts size, stretches tenor of bank debt — Keywords hits power up on revolver — Resolute turns to lenders to refi M&A debt — Future taps revolver for Smartbrief buy — Fraport enters the Schuldschein market for more