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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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Telecom infrastructure provider Tower Bersama Infrastructure has tied up a $200m loan with its relationship banks on a club basis, with several participants booking the borrowing through their Indonesian subsidiaries. -
Chinese property developer Greenland Holdings is accessing the loan market through a subsidiary called Gluon Xima International for a $250m three year bullet.
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HCP Global has distributed its $540m facility among 17 banks, with mostly Taiwanese lenders receiving an allocation.
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The Social Democratic Party of Croatia filed a motion in parliament on Thursday to depose the minister of finance, Zdravko Marić, alleging a conflict of interest with decisions related to the defaulting food company Agrokor, Croatia's largest private company.
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Bank ABC has successfully closed a $213m syndicated loan to Albaraka Türk Bank and launched another two new deals on Wednesday.
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Three Chinese companies have been hit by difficulties that resulted in them breaching covenants on international syndicated loans. Despite the cluster of problems, bankers says this does not point to more systemic failure in China Inc. John Loh and Shruti Chaturvedi report.
