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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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Azerbaijan’s AccessBank will complete its syndicated loan “within days”, say bankers on the deal, while peer International Bank of Azerbaijan will likely increase its target size. -
A panel commissioned by India’s Ministry of Finance to look into offshore borrowing has criticised the existing regime and recommended dismantling all of the existing rules in a new report.
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BNP Paribas has announced heads of its new teams for its EMEA corporate debt platform within financing solutions.
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Mizuho has boosted its corporate acquisition finance team with two appointments. The hires, which are primarily to replace personnel who left earlier this year, bring with them experience in corporate, structured and leveraged finance.
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Industrial and Commercial Bank of China has promoted loans official Benny Zachariah to head of syndicate and sales at its London office.
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Chevron Nigeria, which has extensive oil production operations in onshore and offshore Nigeria under a joint venture with Nigeria National Petroleum Corp, has launched a $1.2bn loan with dollar and naira tranches.
