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Former investment banker has been CFO of Verbund
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Wanda Commercial Properties Hong Kong has made a rapid return to the syndicated loan market, launching a fresh $500m borrowing barely two months after signing its last facility. Simultaneously, parent Dalian Wanda Group is also understood to be seeking a $700m-$800m club loan, prompting discussions about the company’s appetite for debt. Shruti Chaturvedi reports.
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Huarong International Financial Holdings is seeking a HK$1.5bn ($193m) dual tranche loan and has picked a Taiwanese bank to lead the trade.
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The loan for South Africa’s MTN, which is partly underwritten by BAML and Citi, may have to include an accordion feature to hit its $1bn target size, said a banker on the deal.
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Five banks have completed syndication of a $100m loan for Oman’s Bank Dhofar. The loan fills a funding gap while the bank waits to sell its first medium term note, the chief financial officer told GlobalCapital.
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The $4bn of loans for Steinhoff’s acquisition of Mattress Firm are in syndication and due to be signed next week, according to a banker involved in the deal.
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Though many of Turkey’s borrowers are facing ratings downgrades, Turkish-Japanese tyre maker Brisa has raised $310m of loans from Japanese investors and the European Bank for Reconstruction and Development (EBRD).
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