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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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The $445m fundraising for a resort project by Sri Lankan conglomerate John Keells has been delayed due to new rules following a change in the country’s ruling party.
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Banks are lining up to lend to a high profile airport project in India, putting the spotlight once again on the country's infrastructure financing needs. The hype surrounding that scheme is far from typical, as delays and undeveloped capital markets largely keep foreign investors away. Bankers are hoping this weekend’s budget will change that, writes Shruti Chaturvedi.
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Turkish construction and infrastructure company YDA Insaat has obtained $175m of loans to back a new terminal at Dalaman airport in Turkey’s south-west Muğla province.
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Taiwanese semiconductor company Powerchip Technology has opened its NT$15bn ($472.14m) refinancing loan into general syndication.
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Haitong International Securities Group is back in the market for a fundraising of HK$4bn ($515m). It has picked four banks to lead the transaction, and they are syndicating the deal among a limited number of banks.
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Cheung Kong Property has sent termsheets to banks for its borrowing of HK$55bn ($7.1bn) as part of Li Ka-shing’s plans to re-organise his business empire.