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Strong appetite from international banks for first gigascale 24/7 solar plant
ECA-backed deal comes after AFC raises $2bn to fund infrastructure development
Deal was three times oversubscribed
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
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Latin America faces an important milestone this week when Votorantim Cimentos issues a seven year benchmark in Europe on Thursday in what would be the first Brazilian international capital markets transaction since November.
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Yapı Kredi Bank has signed a $1.4bn loan with a syndicate of 48 banks. The loan has tranches with maturities of 367 days and 364 days. -
Atul Sodhi, chairman of the Asia Pacific Loan Market Association, will step down later this month after three years in the role.
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Hong Kong listed Fosun International is considering increasing the size of its $500m borrowing following strong demand in retail syndication.
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India's Rural Electrification Corp (REC) has extended the deadline for its $400m five year fundraising to give banks more time to process credit approvals. Banks are said to have asked for an extension well in advance of the original deadline.
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Women’s apparel maker E-Land World has unzipped a $200m dual trancher with four mandated lead arrangers and bookrunners.
