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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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CPI Ronghe Financial Leasing, a subsidiary of State Power Investment Corp, has made a quick return to the loan market for $300m, nine months after signing its last borrowing.
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Chinese agribusiness company New Hope Group has returned to the loan market for an up to $150m borrowing to refinance a deal sealed in 2015.
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Transnet is relying on the goodwill of its banks after an extraordinary auditing process at the infrastructure company triggered a document clause allowing creditors to accelerate a loan payment. The tricky situation for the South African state-owned company comes at a time when the country is rebuilding its reputation in markets after a painful year.
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Lenders working on Turkish bank syndicated loans say deals are still going ahead, and any suggestion that the country’s woes have postponed the active deals are just rumours.
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Panic has gripped Turkey's markets, sending investors scuttling. Luckily, the loan market has proved once again that it is capable of providing much needed cool heads amid the sea of red on screens this summer.
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Pakistan is making a quick comeback to the loan market, seeking $200m, amid a mounting debt crisis in the country. But economists and bankers said numerous funding avenues are available for the sovereign to manage its $12bn of outstanding debt.