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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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IHS Holding, the Nigerian telecoms towers group, has all commitments in for an $800m loan, with funding to follow at the end of the month. -
Sonangol, the Angolan state oil company, has nearly all commitments in for a $1.5bn loan but will likely complete the deal in mid-March, say bankers involved.
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Sonangol, the Angolan state oil company, has nearly all commitments in for its $1.5bn loan but will likely complete the deal in mid-March, say bankers involved.
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IHS Holding, the Nigerian telecom towers group, has all commitments in for an $800m loan, with funding to follow at the end of the month.
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M&A activity in Vietnam is set to get a big surge from July, as laws governing foreign investment in domestic companies will be relaxed by the government in a bid to attract more overseas investors, writes Rashmi Kumar.
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Indian exporter Essar Oil’s latest facility has met with a warm response, despite the company’s operation in the volatile oil sector, as it comes backed by a two way guarantee from State Bank of India. The guarantee protects lenders both on Essar’s obligation to deliver as well as buyer Oil Bridge’s obligation to pay, writes Shruti Chaturvedi.
