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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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Integrated natural gas company China Gas is back in the market for a $300m loan that is backed by the International Finance Corp.
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A 367 day loan? Could that have been designed to tick a regulatory box? Of course it could. But don't scoff - banks have always gone right up to the line of compliance - and they always will.
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Investec Bank is set to close a three year loan tomorrow (Wednesday) that will be bigger than its original $300m size.
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Bankers have disclosed the allocations for a recently closed loan for Liquid Telecom, the Mauritius-headquartered fixed line provider.
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Standard Chartered has wrapped up the first cross-border loan from a foreign bank to a client based in the Tianjin Eco-City (TEC). Although small, the Rmb50m ($8m) financing for Tianjin Eco-City Keppel New Energy Development (TEC-Keppel) is nonetheless a landmark, originating from StanChart's Singapore branch.
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Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) is in the market for a $100m five year loan that has a $50m greenshoe. The borrower has picked Cathay United Bank as sole bookrunner for the transaction.