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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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Be careful what you wish for. That is the lesson that loans bankers operating in Western Europe are discovering to their dismay as the return of big volumes, that they wanted so much, has brought its own set of problems.
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Moelven, the Swedish industrial wood manufacturer, has signed a Nkr1.35bn ($217m) senior unsecured refinancing loan from three Nordic banks.
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China's Huawei Technologies has wrapped up syndication of its debut loan in the European market as commitments took the deal to a larger than targeted size of $1.6bn.
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Pricing has been revealed for Indian company Power Finance Corp’s $250m five year fundraising, ahead of its expected launch into syndication this month.
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Property developer Yanlord Land Group has cut the size of its fundraising to $385m from its launch size of $400m, as a combination of low pricing and competition from similar credits in the market made the deal a hard story to sell.
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IFC Development has issued a request for proposals to banks for a loan of at least HK$5bn ($633m), in a deal that is expected to replicate the structure of the firm’s fundraising from February 2012.