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Russia’s Mechel has signed a $1bn-equivalent loan facility, as the metals and mining group pushes ahead with plans to restructure its debt portfolio by the end of 2018. -
Burundi-headquartered Eastern Southern Africa Trade & Development Bank has launched a $400m dual tranche loan into syndication, according to two lenders invited into the deal.
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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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China Minsheng Banking Corp has lost its team head of the corporate banking department, according to a source close to the situation.
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Fortune Fountain Capital, a financial services firm, has hired loans banker Hei Man Leung from China Minsheng Banking Corp.
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MegaFon has secured Rb15bn ($222m) in loans from Gazprombank, as Russia’s second largest phone company builds a financial war chest to become the country’s latest company to delist from the London Stock Exchange.
