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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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Bahrain’s Arab Banking Corporation decided to repay its $750m loan ahead of its maturity due to an increase in its liquidity, allowing it to avoid further interest payments. -
Oman Oil wants to refinance the $1bn tranche from a $1.85bn loan it took out in 2014, adding to the company’s much wider financing plan, according to a banker on the deal.
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The Croatian financial services supervisory agency, Hanfa, has suspended trading in the shares of eight of Agrokor’s subsidiaries until it appoints a new auditor to look over its 2016 accounts.
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Chinese company Avic Leasing has hit the loan market for a $150m fresh money loan with one bank at the helm.
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Croatian oil company Industrija Nafte, INA, has managed to prolong a $300m revolving credit facility by a year despite the default of the country’s largest private company, Agrokor.
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Hong Kong-listed Logan Property has sealed a $150m three year loan from three banks, and will use the money to repay debt.
