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Loan will fund the investment company's purchases of non-oil and gas assets
The facility is being used to drive Saudi investment in industries away from petrochemicals
Bankers uncertain whether trades that didn't cross the line in 2024 will proceed
Company has doubled its relationship banks
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China Lesso Group, a building materials manufacturer, has mandated five banks for a new money loan, returning to the market after two years. -
Mizuho has lost another three loans bankers in Hong Kong, after a senior director left at the beginning of the year, according to a source close to the situation.
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ING has promoted Sebastian Frederiks to become head of wholesale banking for the Middle East.
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Market participants are getting to grips with the EU’s plans for its Green Bond Standard, released last week. They are finding quirks in it that could help some issuers, discovers Jon Hay, but may make the regulation much more complicated.
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Environmental, social and governance-linked loans are the only part of the loan market offering bankers some relief amid a broader drop in activity, said sources this week.
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South Africa, historically one of the continent’s most favoured issuers, has come under intense investor scrutiny as it faces a wave of domestic unrest.
