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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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Russian mining and metals producer Mechel has successfully obtained sufficient support from its lenders to go ahead with further restructuring a $1bn syndicated loan facility.
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Is Financal Kiralama (Is Leasing), Isbank’s leasing arm, is expected to sign a $75m loan which it has mandated Bank ABC to arrange.
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A $350m-equivalent yen denominated borrowing for Indian power financier National Thermal Power Corp (NTPC) has entered primary syndication, testing the market’s appetite for a 10 year maturity.
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GlobalCapital is pleased to reveal the nominations for its Loan Awards 2017. We thank all the voters and congratulate all the nominees. The winners will be announced at the Loans Dinner in London on February 7.
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Nomura has hired Nihal Elkafrawi as head of client coverage for the Middle East and north Africa. She will foster cross-selling opportunities for global markets and investment banking, the bank said in a statement.
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Tata Steel is in discussions with lenders for a $2bn borrowing to fund a proposed expansion in India and take out some debt raised by its European unit, said sources.