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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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Emerging market issuance is picking up steam once more, despite the weakening across the board in secondary levels. -
Xinyi Glass has dropped a non-financial covenant on its HK$750m ($96m) borrowing, which was launched into general syndication in August.
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BB Energy, a global energy trading company with a strong presence in the Mediterranean and the Middle East, has refinanced a $225m one-year revolver with a new $245m facility.
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The Green Climate Fund’s 21st board meeting, which ended on Saturday in Bahrain, proved far more fruitful than the last one, which produced four days of painful gridlock and failed to agree any new projects. This time, the UN body approved 19 projects totalling $1.04bn.
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İşbank has signed a $973m-equivalent syndicated loan as Turkish banks press on with a robust but pricey refinancing season, amid the country’s fiscal recovery.
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Indian electricity utility firm Tata Power has launched a $245m refinancing loan into general syndication after mandating five banks last month.
