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First-of-its-kind opinion lays out World Bank, ADB and shareholders’ obligations under international law
MDBs see financing regions and cities as a crucial growth area, since they handle much of social development but lack access to capital
Grandiose construction plans are having to be scaled back as Saudi borrowing rises, but the main point is social progress
Cheap panels from China help expansion, often by private citizens
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Sri Lanka has reached its target of $1bn from a three year syndicated loan that was launched at $450m, after demand poured in from Indian lenders. -
Cairn India Holdings has signed new lenders into a $651m loan that had been in general syndication since late May.
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Indonesia’s Bank Tabungan Pensiunan Nasional (BTPN) is back in the loan market with a $155m 360-day deal to refinance debt and for general working capital.
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Chinese mobile phone maker Xiaomi has allotted its $1bn loan, fully exercising a $250m greenshoe option on the back of strong demand.
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Russian potash company Uralkali is due to mandate banks for a $750m pre-export finance facility this week, according to a banker close to the deal.
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Abu Dhabi National Oil Co (Adnoc) is in talks with international and Middle Eastern banks about a syndicated loan of up to $5bn, which is understood to be very tightly priced.
