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Grandiose construction plans are having to be scaled back as Saudi borrowing rises, but the main point is social progress
Cheap panels from China help expansion, often by private citizens
Two groups of finance ministers and one of experts set out how multiplying climate investment would create millions of jobs and save lives
World Bank online dashboard helps countries evaluate targets
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Fitch downgraded its credit outlook of deeply-troubled South Africa on Friday, but loan bankers, both in and outside the country, are confident that a lack of primary EM supply and an established banking sector will keep margins tight and lenders attracted. At least for now. -
Russia's largest producer of anthracite coal, Siberian Anthracite, is expected to complete a loan refinancing in September. The deal will see Sibanthracite switch its existing loan facility from dollars to euros, as bankers offer a number of reasons for the switch, including preventative protection from sanctions and the elimination of operational delays.
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Industrial & Commercial Bank of China’s London-based head of global loan syndication will be moving to the Asian Infrastructure Investment Bank in Beijing.
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Temasek Holdings-backed Fullerton India Credit Company has invited banks to join a $250m debut borrowing.
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Private equity firm Blackstone has mandated four banks to support its acquisition of India’s Essel Propack (EPL), a specialty packaging company.
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HSBC’s Doody moves to New York — LCH hires Créd Ag’s Girolami — Mizuho chooses Slavinskiy for EMEA IB
