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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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Saudi Arabia has had to scale back banks grappling to get on its $16bn loan, which will be used to refinance a $10bn loan taken out in 2016. -
Singaporean agricultural company Olam International has raised a three year sustainability-linked $500m revolving club loan, the first of its kind in Asia.
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Turkish participation banks Albaraka Türk and Vakif Katilim have kicked off the global syndication of two murabaha facilities.
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Lao Feng Xiang Jewellery Hong Kong has allocated its $200m debut loan among eight banks, with sole bookrunner ANZ keeping most of the facility on its books, according to sources.
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Kuwait’s Burgan Bank has signed a $350m loan with a club of seven relationship banks to refinance borrowing done in 2015.
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Beijing Jingneng Clean Energy has launched a $220m green loan into syndication, the first of its kind for the company.
