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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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International Bank of Azerbaijan and AccessBank are progressing well in their pursuit of international loans, say bankers, and are on course to close deals soon.
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Indonesia's central bank was right to introduce new rules on foreign debt issuance by private corporates in January. Untethered growth in foreign debt without adequate hedging is a dangerous combination, as Indonesia's currency crisis in 1998 showed.
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Chinese department store operator Century Ginwa Holdings is looking for a $120m three year amortising loan, with Chang Hwa Bank as sole agent.
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Axis Bank, India’s third largest private lender, has signed a $300m loan with a club of six lenders.
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Kevin Latter has been appointed head of investment banking in South Africa at Bank of American Merrill Lynch.
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Arab Petroleum Investments Corporation (Apicorp), the Saudi investment company, has agreed $950m of Shariah compliant syndicated loans with regional and local banks.