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Investors and techniques are ready for development banks to scale up securitization rapidly
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At London investor day, supranational reveals deals and plans for new funding and investments, including fully African project financing
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JD.com has rolled out its first international syndicated loan and the $500m deal has already attracted a lot of attention from banks. The Chinese e-commerce company is loss-making but lenders are enticed by the prospects of ancillary business and an expected improvement in its financial position after the recent spin-off of JD Finance, reports Shruti Chaturvedi.
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Henrik Ljungstrom has left his role on ING's loan syndicate and sales team after almost three years.
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Dubai healthcare group Aster DM Healthcare has signed a $295m facility with nine banks, despite concerns that its operations in Qatar would complicate syndication of the debt.
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Far East Horizon has returned to the international loan market after a gap of two years for a $500m deal, and is paying a margin that is about half of what it offered last time.
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A HK$2bn ($256m) three year maiden loan for China Forestry Group Corp has been received warmly by international banks, resulting in a huge oversubscription, said a banker.
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China Aircraft Leasing Group Holdings (CALC), which made its offshore loan market debut last year, has allotted its new $425m borrowing after bumping it up.