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Deal liberates capital and tempts investors to take new frontier market risk
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Hansteen, the UK-headquartered real estate investment trust (REIT), has agreed a new £330m credit facility with three banks, including one new lender.
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A clutch of loan deals have commitments due over the next week, as the market looks to allocate debt before the anticipated August slowdown.
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During the first half of the year, Man Group extended the maturity date of its core $1bn revolving credit facility by one year.
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MTN, the South African telecoms group, is syndicating a $1bn new money loan that could involve non-relationship lenders.
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Agricultural trading and processing company Cofco Agri is understood to have sent out a request for proposals for a dual-tranche facility to refinance debt.
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Indian conglomerate Aditya Birla Group is understood to be in talks with banks for a syndicated loan for one of its flagship businesses, Grasim Industries.
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