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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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Kangde Xin Composite Material Group has made its debut in the offshore loan market, launching a $200m three year deal into syndication. -
Chinese telecommunications firm ZTE Corp, which has failed to comply with a covenant on a $450m syndicated loan due in July, has requested lenders to waive the breach, according to bankers close to the situation.
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Chinese company Avic International Leasing has returned to the offshore loan market for a $200m borrowing, according to a banker who has received the invitation.
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Property firm Greentown China Holdings has returned to the offshore debt market for a $630m term loan to refinance a similar deal sealed in 2016.
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This week, the Task Force on Climate-Related Financial Disclosures, which is pushing companies to disclose how they are addressing climate change risk and opportunity, launched an online Knowledge Hub to help firms comply.
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Sri Lanka has received proposals from four different groups of banks for its latest offshore borrowing of up to $1bn.
