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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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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. -
South Africa’s Transnet is relying on the goodwill of its bank lending groups after an extraordinary auditing process at the infrastructure company triggered a document clause allowing creditors to accelerate loan payment.
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More details have emerged about veteran loans banker Ashish Sharma’s new job at HSBC.
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India's Shriram Transport Finance Corp is tapping the loan market for a $350m five year borrowing, its first dollar-denominated fundraising.
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Telecoms company MTN Nigeria has signed a Nr200bn ($554m) seven year loan from local and international banks, as lenders remain in talks with other borrowers for hard currency transactions from the country.
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Chailease International Finance Corp is turning to the loans market for an up to $250m borrowing, just a few months after sealing renminbi-denominated and Japanese yen facilities.
