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International Finance Corp’s drive to introduce development finance to the CLO market is advancing. Its second deal of $509m had more investors, more tranches and better pricing, supporting its rapid growth
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
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VietinBank, one of the four largest state-owned commercial lenders in Vietnam, has seen commitments come in during general syndication for a $100m three year facility.
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Formosa Plastics Group is holding talks with 10 to 15 lenders for a dual tranche fundraising of $2.5bn, with banks asked to submit their pricing thoughts for the loan.
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Chinese company Minsheng Financial Leasing’s offshore fundraising, which was launched at $200m, has received commitments from more than 10 banks during general syndication. But the final size of the loan is yet to be determined.
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This week brought the first of an expected rush of loans for Middle East banks, while Iraq is seeking a bond deal. Low oil prices mean a need for capital in the region, but it is not time for international dealers and investors to stampede there just yet.
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Africa Loans — Bulgarian Energy Holding — OSN — Conviviality
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A flood of banks in the Middle East are set to follow the two Abu Dhabi names which are making a dash for cash in the loans market to meet new regulations as they grapple with low oil prices, writes Elly Whittaker.