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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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World Bank online dashboard helps countries evaluate targets
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Credit Bank of Moscow (CBM) has refinanced a $400m loan, raising $500m. While the deal was oversubscribed, bankers still have little hope of a sustained increase in Russian syndicated lending, which some have called a barren market.
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Mauritius Commercial Bank has raised a new dual tranche $800m loan after receiving commitments of over $1bn. The deal was welcomed by bankers as one of the few new money financings in the market.
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Barclays’ head of private loan sales has quit the bank. GlobalCapital can also reveal that Peter Jurdjevic, the bank’s head of global finance solutions, who we reported is leaving the bank earlier on Wednesday, is joining the Qatar Investment Authority as head of FIG.
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China's New Century Real Estate Investment Trust is tapping onshore and offshore loan markets for its latest deal.
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Aramco’s bond prospectus shows many things, but it makes it clear just how thin the rationale for raising the money is. But at least it helps the investment banks.
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Vinmec International General Hospital, a subsidiary of Vingroup, has launched a $300m deal into general syndication after receiving commitments from five banks during senior syndication.