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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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Mizuho has put in place a replacement for Farris Mellor, director of loan sales, EMEA syndications, who left the bank in August. The hire squashes fears that the bank may have been looking to use Mellor’s departure as an opportunity to reduce the team headcount.
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Chinese agribusiness company New Hope Group has fully exercised a $50m greenshoe option on its loan to raise $150m, attracting three participants during syndication.
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Taiwan’s Mei Ta Industries has closed a €245m loan, attracting five participants during syndication.
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Chinese paper manufacturer Youyuan International Holdings is seeking commitments for a $120m refinancing loan, wooing banks with a juicier margin when compared to its last fundraise.
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Bankers have confirmed that Russian Copper Company (RCC) is set to close its second five year $250m pre-export credit facility before the end of the year. But the jury is still out as to whether the loan market will be able to brave the ongoing Russian sanctions.
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Ho Chi Minh City Power has sealed Vietnam’s first syndicated financing in the onshore dong market, with a bevy of Taiwanese and South Korean lenders piling in.