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Emerging Market Loans

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Investors and techniques are ready for development banks to scale up securitization rapidly
SSA
AfDB hopes to launch multi-issuer securitization this year
SSA
Deal liberates capital and tempts investors to take new frontier market risk
At London investor day, supranational reveals deals and plans for new funding and investments, including fully African project financing
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  • The Kenyan sovereign is in talks with banks to refinance a $1bn term loan set to expire in March.
  • National Thermal Power Corp (NTPC) has become the latest Indian corporation to tap the Samurai loan market, taking advantage of the cheap pricing and abundant liquidity on offer from Japanese banks.
  • Adira Dinamika Multi Finance has launched a $250m three year term loan into general syndication. The deal was led by five lenders.
  • Santander hires European ABS trading head – Créd Ag shuffles CIB – Liquidnet appoints president
  • PetroVietnam Gas Joint Stock Corp has picked Mizuho as sole mandated lead arranger and bookrunner for a $200m borrowing. It is the latest sign of a boom in southeast Asia’s offshore loan market that is leaving bankers divided on pricing, tenors and covenant packages.
  • China’s Chow Tai Fook and Vietnam’s Vingroup have returned to the offshore loan market, with both borrowers inviting banks to join senior syndication.