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Syndicated Loans

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  • The National Bank of Oman (NBO) has closed a $300m syndicated loan, arranged by regional lenders. The loan was oversubscribed, revealing a reasonable amount of international demand for Omani debt despite a year of ratings downgrades and project postponements.
  • The Bunzl has signed a sustainability linked loan, with the global distribution and services company becoming the latest firm to link the margin on its bank debt to its carbon emissions.
  • SRI
    Talks on finalising the European Union law to introduce the much-discussed Taxonomy of Sustainable Economic Activities are at a sensitive stage. Countries disagree on what the Taxonomy should be, and although a compromise position is emerging, issues including nuclear power remain highly contentious.
  • SMBC has made two additions to its London desk for syndication origination in structured finance.
  • Please see below.
  • China Forestry Group is back in the loan market, seeking a $100m deal, with China Everbright and Far Eastern International Bank as the mandated lead arrangers and bookrunners.