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Emerging Market Loans

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Hydrocarbons, power and infrastructure bulked large last year
Senior loans banker leaves Deutsche after 14 years
Four sectors emerge with strong pipeline for Tanzania, Uganda, Namibia and Mauritius
First-of-its-kind opinion lays out World Bank, ADB and shareholders’ obligations under international law
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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.
  • 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.
  • BNP Paribas hires UK advisory head — Créd Ag’s credit unit chief moves to markets role — AIIB hires ICBC loan syndicator.
  • 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.
  • 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
  • Crédit Agricole has appointed Sébastien Domanico as head of global markets for Europe, the Middle East and Africa, just weeks after he was picked to lead a different division at the bank.