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Facility refinances loans signed in 2022 and 2023 with multiple institutions providing the financing
More robust growth expected in 2026
German promissory notes come into their own in times of stress
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As the final deals of 2017 are closed in the Schuldschein market, bankers are already busy working on an expected January rush.
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Chinese technology company JD.com has doubled its maiden offshore loan to $1bn, thanks to commitments from 18 lenders during primary syndication.
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Citic Pacific, the property arm of Chinese conglomerate Citic, has returned to the loan market after three years for a $200m borrowing.
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A fresh batch of invitations to join a HK$1.5bn ($192m) borrowing by Leading Affluence, a subsidiary of Hong Kong listed-Yuexiu Property Co, was sent last week, said bankers.
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Reliance Industries has allocated its $2.49bn multi-tranche fundraising among 31 banks, with plans to transfer in the new lenders before the end of the year, said bankers close to the trade.
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Wohnungsbaugesellschaft Magdeburg, a German housing company owned by the city of Magdeburg, has issued a Schuldschein with tenors above the usual maximum threshold of 10 years.