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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 Development Bank of Mongolia is raising a $200m loan that features a $100m greenshoe option, made even more appealing with a guarantee from the country’s government.
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Debt bankers were preparing for the impact of new European Union sanctions against Russia, which were being discussed on Thursday but are not expected to be adopted until next week at the earliest.
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Russia's Brunswick Rail, the privately owned freight railway carriage operating lessor, has signed an Rb8bn ($228m) two year loan from international banks, as small club structured deals continue to give Russian lenders access to the loan market in the face of sanctions fears.
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Ford Otosan - Kazakhstan Temir Zholy
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Tata Steel is back in the market for a $5.6bn loan and with a dozen lenders already on the mandate, sentiment ahead of the launch into general syndication is upbeat. But lesser known Indian corporates should not be holding their breath if they are looking to emulate the deal’s success. Although the country is back in lenders' good books, loan market liquidity is still the preserve of only a few flagship names, writes Shruti Chaturvedi.
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Commodities trading company Trafigura is back in the market only nine months after wrapping up a $1.76bn fundraising. This time it is looking for a loan of $1.3bn, comprising dollar and offshore renminbi tranches.