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Six tranche loan attracts record demand
Bonds of energy importers have sold off, but investors convinced fundamentals are still strong
New methodology follows headroom created by S&P revision last year
Banks ready to do deals but wiser to wait
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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.
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Gunvor Singapore and India’s state-owned Rural Electrification Corp are tapping lenders for more than $1bn in new financings.
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CMB Financial Leasing launched a $350m bullet into general syndication last week, even as Minsheng Financial Leasing wrapped up an increased fundraising of $335m.
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ANZ has hired Nathan Herman as an associate director in its loan syndications team in Hong Kong.
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Russian steel and iron ore firm Metalloinvest has agreed terms for a $1.05bn pre-export finance facility (PXF) with a syndicate of banks.
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Two Malaysian lenders, CIMB and AmBank, have hit the loan market in quick succession, seeking a total of $700m between them.