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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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Property developer China Resources Land, a subsidiary of China Resources Holdings, is seeking a $602m dual tranche four year loan, which was launched to the market last week.
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Three banks have come on board Garuda Indonesia’s $200m three year loan in senior syndication. The strong response at this phase is leading to expectations that general syndication will be shelved.
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If Germany is known for one thing, it is efficiency. No wonder then, that the sun came out just in time to shine on Commerzbank’s rooftop soiree at the bank’s Gresham Street offices last week.
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China’s Bank of Communications Finance Leasing Co has made an impressive debut in the loan market, with its three year loan increasing to $265m from $150m as twelve banks joined the deal.
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Vitol’s $1.7bn refinancing loan has swelled to $1.87bn, signing up eleven mandated lead arranger and bookrunners for the trade