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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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India’s Tata Steel is speaking to banks for a jumbo loan of $7bn as part of its refinancing initiative for Tata Steel Europe, previously known as Corus Group.
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China Shanshui Cement has made its debut in the syndication market, launching into general a $300m three year facility for its refinancing needs.
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Asia Cement (China) Holding Corp is speaking to banks for a $250m loan to help fund its acquisition of a cement business in the Sichuan district of China.
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Sri Lankan Airlines lands on banks for $150m — UniTrust hits $123m after oversubscription — Minsheng comes offshore for Rmb800m
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Noble Group, a supplier of agricultural and energy products, metals and minerals, has increased the final size of its loan to $2bn from the launch size of $1.35bn, with an impressive showing in syndication as some 40 banks joined.
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Norwegian deep sea drilling company Odfjell Drilling Services has signed a $450m five year senior secured facility from Nordic banks.