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Investors and techniques are ready for development banks to scale up securitization rapidly
AfDB hopes to launch multi-issuer securitization this year
Deal liberates capital and tempts investors to take new frontier market risk
At London investor day, supranational reveals deals and plans for new funding and investments, including fully African project financing
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A subsidiary of Petropavlovsk has refinanced a $204m loan, with the Russia-focused gold mining company using the exercise to reduce its balance sheet exposure to the debt.
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Hungary’s Futureal has signed a €150m 10 year loan, with the real estate developer claiming it’s the largest deal of its kind in the country since the global finance crisis began.
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Emerging markets-focused mining firm Trevali Mining has amended and extending an existing loan facility, bringing its revolving credit facility up to $275m.
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The Banking Association of Turkey has set out a restructuring framework for the country’s banks to cut corporate borrowers some slack over loan repayments and credit availability, as the government and financial sector takes steps to limit the fallout from Turkey’s political and economic crisis.
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Ghana Cocoa Board (Cocobod) signed its $1.3bn trade finance facility of Thursday, as the company prepares to start funding purchases for the coming harvest.
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Frasers Property has sealed the first secured green loan from Singapore and southeast Asia, raising S$1.2bn ($876m). Bankers say this is only the beginning as borrowers in Asia slowly but steadily make the environment and sustainability their top priorities, writes Pan Yue.