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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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Oman’s Bank Sohar has had to reduce the number of participants on its $250m syndicated loan after it was heavily oversubscribed, according to a banker on the deal. -
Oman Oil has mandated 12 banks to arrange a $1.2bn five year syndicated loan to refinance a $1bn tranche of a loan it took out in 2014, according to a banker on the deal.
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A $651m loan for Cairn India Holdings was launched into general syndication on Monday, with the deal divided into four portions based on the different purposes of the fundraising.
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The Islamic arm of Turkey's Ziraat Bank has signed a $236m one year Murabaha syndicated loan with 13 banks, according to a banker on the deal.
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Media Nusantara Citra has enlisted three lenders to syndicate a $200m loan that refinances a borrowing from 2014.
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A $400m borrowing for Malaysia's CIMB has had strong reception during general syndication, with over a dozen banks lining up.
