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New facility smaller than the original but 20% larger than the launch amount
In Europe loans are the key to opening ancillary business while in the Middle East relationships should cap premiums
Market stress so far confined to consumer credit and SMEs across region
Tighter margin loan a 'sign of things to come' for infrastructure lending
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Mimi Cheng, chief representative of First Gulf Bank in Hong Kong, has left the firm less than a year after taking over the position. -
Bharat Petroleum Corp (BPCL) has extended the deadline for responses to a $150m request for proposals sent in mid-March.
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Asahi has signed a €7.4bn bridging loan for its acquisition of AB InBev’s central and eastern European business.
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Hochtief, the German construction firm, has raised €500m with a Schuldschein issue, more than triple the €150m it initially sought, as domestic and international investors welcomed a favourite issuer back to the market.
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Allocations have emerged for a $1.75bn multi-tranche borrowing by Indian conglomerate Reliance Industries, with retail liquidity ending up concentrated on a longer dated portion.
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Commodities trader Trafigura has signed its latest 364-day syndicated revolver at $2.27bn, up from the launch size of $1.5bn.
