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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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Syndication of a $1bn loan for Lenovo Group got off to a roaring start with an encouraging turnout from banks at a Hong Kong roadshow this week. The Chinese company has made it clear it wants to recapture the top spot in the global personal computer market, but bankers are wary about how the firm will look to meet its goals. Shruti Chaturvedi reports. -
Eskom, the South African state electricity company, signed a R20bn ($1.7bn) syndicated loan on Wednesday, a day after S&P downgraded it.
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Hong Kong-listed LK Technology Holdings has divvied up its latest borrowing among 14 lenders.
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Bank of China Macau has approached lenders for a financing of up to $500m, with details about the loan going to a limited number of banks, said sources.
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Two South African corporates are in the market for syndicated loans amid South Africa’s cabinet reshuffle, after former president Jacob Zuma resigned earlier this month.
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Indian state-owned refiner Hindustan Petroleum Corp (HPCL) has mandated four lenders for a new offshore syndicated loan.
