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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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Three Chinese borrowers with education businesses are seeking funds from retail lenders in syndication.
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Cameroon’s Nachtigal Hydro Power Co has raised euro loans, estimated at above €900m, to fund construction of a €1.2bn 420MW hydroelectric plant on the Sanaga river near Yaounde. Most of the debt is coming from development finance institutions, but a few commercial banks are involved.
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High hopes for a bumper corporate finance year in Saudi Arabia have been dashed by the pulled Aramco IPO, the blockade of Qatar and the murder of journalist Jamal Khashoggi, writes David Rothnie.
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A Russia euro-denominated bond has taken investors by surprise this week, as emerging markets issuers seem to be taking their last gasps in the bond market this year.
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Bank of China’s Singapore arm is marketing a loan for Ethoz Group, in what appears to be the first time the lender will lead an onshore syndicated financing in Singapore dollars.
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Semen Indonesia has launched senior syndication for a $1.28bn loan that will be used to buy the local operations of rival LafargeHolcim.