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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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Steinhoff International’s shares jolted downwards again today as it met its banks in London, seeking their support to get through the difficulties caused by apparent false accounting.
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Chinese technology company JD.com has doubled its maiden offshore loan to $1bn, thanks to commitments from 18 lenders during primary syndication.
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Citic Pacific, the property arm of Chinese conglomerate Citic, has returned to the loan market after three years for a $200m borrowing.
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Africa Finance Corp, a pan-African multilateral development finance institution (DFI), has closed a $200m loan with five banks.
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Norilsk Nickel, the Russian nickel and palladium producer, has signed a $2.5bn unsecured syndicated loan, the largest facility from Russia this year.
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Saudi Arabian Mining's (Ma’aden) subsidiary Ma’aden Aluminium has signed a $1.78bn syndicated loan to refinance a facility signed seven years ago.