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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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Croatia’s Sunce Koncern has signed a €73m club loan from mostly domestic lenders, as the tourism company restructures its entire balance sheet. -
Emerging market borrowers and investors are returning from the summer break slowly but surely this week, but caution is still the prevailing tone.
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CPI Ronghe Financial Leasing is in the market for its second international loan after wrapping up a successful debut last November.
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Russia’s Polymetal has signed a $250m five year loan from a domestic lender, though the metals and mining company expects its leverage ratio to tick down by the end of the year.
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Oman’s Bank Sohar has signed a $250m three year syndicated loan, as the lender continues its wide ranging growth strategy.
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India’s Reliance Industries has launched its long-awaited refinancing of around $2.7bn into general syndication, one month after mandating 17 lead banks to run the transaction.
