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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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World Bank online dashboard helps countries evaluate targets
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Middle East loans bankers pin hopes on second half of year, as data shows number of signed deals continuing to decline -
RHI Magnesita, an Austrian refractory supplier, has linked interest rates on credit lines totaling €770m to a third-party ESG rating. ING acted as arranger on the deal.
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India’s Power Finance Corp is raising a loan with a fixed rate as it looks to move away from Libor, but its decision has received lukewarm response from lenders concerned about the lack of precedents.
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Joey Mak, a former loans banker at Mizuho, has joined Bank of Communications as section head of the structured finance department.
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A $350m sustainability-linked loan for Cal-Comp Electronics (Thailand) Public Co has been launched into syndication.
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The Thai subsidiary of Taiwan’s Chailease International Finance Corp has returned to the loan market.
