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Emerging Market Loans

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  • Mercuria Energy Group bagged a bigger-than-expected $1.35bn from its latest annual revolver in Asia, after 36 banks joined the deal.
  • India’s Power Finance Corp has invited banks to bid for a new five year financing, in its second visit to the syndicated loan market in 2018.
  • Bangladesh’s largest bank, Islami Bank Bangladesh, will sign a debut international syndicated loan of $100m before year end.
  • Hong Kong-listed ENN Energy Holdings is seeking a $300m term loan to refinance some of its outstanding debt.
  • ANZ is relocating a senior leveraged and acquisition finance banker and former head of Asia loan syndications from Singapore to Sydney.
  • Saudi Arabia is mired in international controversy but its national energy company, Saudi Aramco, is said to have been sounding out the syndicated loan market for a deal to finance a $5bn petrochemicals plant. With even larger deals on the horizon, lenders appear to be supportive of the borrower despite the highly charged political situation. Mariam Meskin reports.