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Emerging Market Loans

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  • Indonesian power company Perusahaan Listrik Negara has closed its debut offshore loan after exercising part of the greenshoe option.
  • Work to clarify thinking about impact in investment – meaning its effects on society or the environment – is going on apace. The International Finance Corp will launch next week at the World Bank/IMF annual meetings in Bali a set of Operating Principles for Impact Management, which are designed to complement the framework for analysing impact produced by the Impact Management Project.
  • SRI
    Barclays is on the verge of signing up for four more years of its partnership with the Unreasonable Group, a company that supports high-achieving entrepreneurs leading businesses that solve social or environmental problems.
  • Petroleum Development Oman (PDO) has completed an amend and extend on its syndicated loan, stretching out the tenor of its first international deal.
  • Minsheng Financial Leasing has boosted its three year borrowing to $510m after attracting 12 participants during syndication.
  • Croatia’s Uljanik Plovidba has hammered out a loan refinancing that includes “significant” debt relief, throwing a lifeline to the cash-strapped ship builder.