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Consortium of four banks provided financing with one bank new to deal
LBO financing includes $5.75bn term loan to be priced early next week
Consortium of eight banks provided the loan and facility contains 'rendevous' clause for switch to green purpose loan
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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.
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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.
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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.
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SMBC has made two additions to its London desk for syndication origination in structured finance.
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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.
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