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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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KEB Hana Bank has closed a €120m syndicated financing for automotive parts manufacturer Hands Corp, roping in two Chinese lenders as arrangers.
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China’s Bank of Communications is eyeing a club-style loan to raise up to $500m through its Macau branch, tapping one firm as the sole lead of the fundraising.
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A pair of chunky fundraisings in Asia have been lapped up by banks, as China National Chemical Corp (ChemChina) and Zhejiang Geely Holding Group look to wrap up syndications next week.
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Standard Bank’s Kenya branch is looking to raise $100m in the loan market, ahead of a maturity coming up for one of its loans in October.
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Russian Copper Company has signed a $250m loan with a club of banks to refinance a previous facility.
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Energean, the Mediterranean oil and gas exploration company, could be worth as much as £812m when it lists on the London Stock Exchange later this month, according to the terms of the IPO.