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Emerging Market Loans

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Investors and techniques are ready for development banks to scale up securitization rapidly
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AfDB hopes to launch multi-issuer securitization this year
SSA
Deal liberates capital and tempts investors to take new frontier market risk
At London investor day, supranational reveals deals and plans for new funding and investments, including fully African project financing
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  • Sibanye Gold, the South African gold producer, confirmed a surfeit of lending demand at bank meetings on Thursday as it wrapped up final commitments for loans backing its acquisition of US palladium miner Stillwater.
  • A recent spate of high profile loans has shown that Indian banks have the ability to execute highly structured M&A funding. This has reignited gripes about rules that bar Indian lenders from funding acquisitions of domestic companies, hindering the growth of small borrowers with big ambitions. Shruti Chaturvedi reports.
  • A dual currency financing to back Indian company Intas Pharmaceuticals’ acquisition of a portfolio of assets in the UK and Ireland has netted $650m-$670m of commitments.
  • Indomobil Finance Indonesia has increased the size of its latest syndicated loan to $250m from the initial $100m, keeping with its tradition of absorbing demand rather than heavily scaling back participants.
  • General syndication has begun on loan facilities backing Mid Europa Partners’ acquisition of Romanian retail chain Profi Rom Food.
  • Astra Sedaya Finance is speaking to banks for a fresh money borrowing of up to $150m. The discussions for the new loan come just one month after the company signed a $200m deal targeting Japanese lenders.