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Emerging Market Loans

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  • Chinese real estate developer Agile Group has sealed a HK$624m ($80m) financing with one bank.
  • Hong Kong-listed Fosun International has hiked the size of its syndicated loan to $806m-equivalent from $650m. The company raised the money in two currencies, with the final deal split between a $673m portion and a €118m tranche.
  • Allocations are out for Petron Corp’s loan, which was opened to retail participation in late March. The company has absorbed the excess demand that came in during syndication, boosting the deal size to $1bn from $600m.
  • Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) is tapping the syndicated loan market for $100m split into two tranches with different tenors.
  • Indonesia's Mitra Pinasthika Mustika Finance has returned to the international loan market with a $100m deal, less than a year after signing its last fundraising.
  • Oil and gas company MOL became the first Hungarian issuer in the Schuldschein market this week. And, as the market expands further from Germany, there is no sign that credit quality will become less central to an issuer’s success.