Middle East Loans
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Hopes that Middle Eastern companies would become active in global M&A have yet to materialise as volumes stay depressed
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Only Saudi banks provide facility, as Western banks say the lack of ancillary opportunities makes the business case difficult
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If US interest rate policy is favourable, EMEA lending should spring back
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Having a credit agency on board can help secure a longer tenor, said one loans banker
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Gulf borrowers have the upper hand over banks local and international
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ICBC won the sole mandate without having to pitch
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Bankers look for deals to restart market once interest rates have peaked
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Loan pricing in other parts of EM are creeping higher, but they are falling in the GCC area
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International banks are finding it harder to stomach the prices local rivals can offer
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The sovereign wealth fund achieved huge size but also a rare seven year tenor
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Lenders want to close emerging markets syndications before Christmas
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Rising bond prices pushed borrowers towards loans but that may be changing for some