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Telecom Egypt has agreed credit lines totalling up to $900m, as Egyptian borrowers find a warm reception from lenders. -
Russian oil company Gazprom has signed a €600m five year loan facility from Crédit Agricole, bringing its international borrowing tally above €1.3bn since it regained its investment grade status earlier this year.
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The movement to create free investment benchmarks to support the Sustainable Development Goals is gathering pace, with the launch this week of a major survey of corporate human rights performance.
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Chinese automobile financing retail transaction platform Yixin Group is tapping the loan market for a $150m borrowing, six months after listing through a HK$6.8bn ($867.2m) IPO in Hong Kong.
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Turkey’s Isbank has signed a $1.48bn-equivalent syndicated loan in line with the existing pricing benchmark for its compatriot peers, again showing that rating downgrades have little effect on loan borrowing rates for the country’s banking sector.
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Morocco has landed a €200m loan from the African Development Bank that will go towards the country’s agriculture industry, a sector that Standard & Poor’s recently said was part of the reason the sovereign’s credit rating remains “constrained”.
