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Eighteen year facility backed by EIFO comes as interest in energy infrastructure mounts
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
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Swedish aerospace and defence company Saab has signed a Skr2bn (€214m) revolving facility for general corporate purposes.
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Indonesia Eximbank has received commitments from 17 banks for its $750m dual trancher. A whopping 30 more lenders have expressed an interest in the loan, said a banker on the trade.
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Albaraka Türk — Danube Food — Xella — Pets at Home
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Alcatel-Lucent's credit default swap spread has tightened sharply since news of its merger with rival telecoms equipment maker Nokia broke on Tuesday. Nokia’s spread, meanwhile, has recovered almost fully from an initial widening.
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Li Ka-Shing’s Cheung Kong Property has received commitments from 28 banks for its HK$55bn ($7.1bn) reorganisation loan, according to a banker.
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Integrated natural gas company China Gas found robust demand for its $150m loan backed by the International Finance Corp. The loan was strongly oversubscribed and has been allocated among 17 lenders.