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The first set of commitments are in for Pakistan’s latest outing in the syndicated loan market — a $700m 10 year facility that is partially guaranteed by the International Bank for Reconstruction and Development (IBRD).
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CPI Ronghe Financial Leasing, which launched its first international syndicated loan a couple of months ago, has wrapped up the deal with a dozen banks chipping in.
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Oman Telecommunications is expected to sign a $2.2bn loan in the coming weeks to finance its acquisition of a 21.9% stake in Kuwaiti telecoms company Zain Group.
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Russian energy company Gazprom has signed a €1bn loan in Tokyo with a trio of banks, adding to its repertoire of funding tools this year.
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Beijing Capital (Hong Kong) is back in the loan market after a gap of more than one year for a HK$2bn ($256m) fundraising.
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Indian company TVS Logistics Services has approached the international loan market for a $153m-equivalent financing, with participants invited to commit in dollars and sterling.