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Deal liberates capital and tempts investors to take new frontier market risk
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The Asian loans teams at three banks have seen changes recently following exits in Hong Kong and Singapore.
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Invitations are out for commodities trader Trafigura’s annual Asian financing, which as in the past couple of years includes a renminbi tranche.
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African Export-Import Bank is near completion of a $300m loan aimed at Chinese lenders, and most of the deal is guaranteed by China Eximbank.
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A Hong Kong-based senior banker at HSBC, who has worked in the syndicated loans team for nearly a decade, is understood to have left the bank.
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US packaging firm Coveris is hoping to join a rush of transatlantic issuance, as it marketed a $350m dollar and euro denominated loan over a lender call on Wednesday.
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New Zealand-based packaging firm Reynolds Group has priced its $2.25bn loan package at the tight end of guidance, following what one investor called a "crazy" syndication phase.
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