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Banks ready to do deals but wiser to wait
Hydrocarbons, power and infrastructure bulked large last year
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Hong Kong-listed Singamas Container Holdings has signed its latest syndicated loan at $270m, higher than the $250m it set out for when the deal was launched in late February. -
Charles Wickham, co-head of loan capital markets for EMEA at Bank of America Merrill Lynch, will leave the bank at the end of April, having worked at BAML and Merrill Lynch since 1994.
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Three banks have joined the syndication of a loan to Oman's Bank Sohar of $250m, which Bank ABC has been mandated to co-ordinate.
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Vakifbank has received a $967m loan from 37 banks, marking yet another oversubscribed Turkish syndication following a period of heightened political uncertainty after a constitutional referendum.
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The top lending group for a dual-tranche borrowing by Vedanta Group has shrunk after one bank dropped out of the syndicate to tie up its portion of the financing bilaterally.
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Indian lender Axis Bank has promoted its international loan syndications head to lead the operation globally, according to sources.
