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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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The Asian operation of commodity major Mercuria Energy Group is in talks with banks to refinance a $1bn loan it raised in November 2013.
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Chinese smelter Yanggu Xiangguang Copper is looking for an offshore prepayment financing loan of $200m and has picked BNP Paribas to lead the deal.
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Cigarette package printer Amvig Holdings has opened up an HK$2.6bn ($335m) refinancing into senior syndication. The deal has one mandated lead arranger and bookrunner and is offering banks the MLA title in senior.
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Beijing Enterprises Water Group has opened into syndication a $120m ‘B’ loan as part of a $240m fundraising that is supported by the Asian Development Bank (ADB). The ‘B’ loan of the deal could double in size, depending on demand.
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The Asian arm of Louis Dreyfus Commodities has closed syndication of its three year revolver at $500m, higher than its launch size of $300m, with the borrower’s relationship banks coming into the deal.
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A consortium of five banks has won the mandate for Indian state-owned oil company Hindustan Petroleum Corp’s $200m five year loan, which features a $100m greenshoe.