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India’s Emcure Pharmaceuticals has returned to the loan market after four years, seeking a small amount of $34m. -
Loan bankers say that borrowers, including those in emerging markets, are still interested in green financing, though they say it has been “drowned out” by chatter around more pressing market concerns, such as Covid-19 financing and global political uncertainty.
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India’s JB Chemicals & Pharmaceuticals has wrapped up a $206m loan to support KKR’s acquisition of a majority stake in the company.
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Chinese pork producer Muyuan Foods saw lukewarm appetite among banks for its debut syndicated loan, which was closed at a smaller size of $140m.
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Russia's second largest gold producer Polymetal has raised a green loan.
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Zambia is headed for a default next week, as GlobalCapital understands the bondholder committee responsible for 40% of the sovereign Eurobonds will reject the deferral request in a vote next week.
