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Divisions deepen over multilateral development banks’ climate commitments
Investors and techniques are ready for development banks to scale up securitization rapidly
AfDB hopes to launch multi-issuer securitization this year
Deal liberates capital and tempts investors to take new frontier market risk
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Indonesia’s Adira Dinamika Multi Finance is in the loan market for a $100m fresh money borrowing via two mandated lead arrangers and bookrunners.
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Oman’s Bank Muscat is in the process of signing a club loan of about $300m, according to one banker who was invited to join.
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Trans Corpora is poised to decide this week whether to open syndication on a $150m loan that Credit Suisse and Maybank have pre-funded, according to bankers close to the transaction.
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Biostime International Holdings has begun syndication on a refinancing of a $450m bridge loan taken last year to fund its A$1.386bn ($995m) acquisition of a controlling stake in Swisse Wellness.
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Chinese property developer Powerlong Real Estate Holdings has inked a $120m term loan with three banks to refinance its existing notes.
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China Hongqiao Group is in the market for a $700m three year loan that was opened for syndication this week via seven bookrunners, according to bankers working on the deal.