Nigeria’s borrowers have led the way in Africa’s syndicated loan market so far this year, with more than US$10bn of deals signed or in the market, driven by a growth in confidence among international lenders as the continent’s second-largest economy makes inroads into resolving transparency and credit risk concerns.
Abu Dhabi state fund Aabar Investments, weakened by a slump at key assets, has nearly doubled its borrowing costs on a new US$2.5bn loan that refinances a US$2bn loan due in May.
Turkey’s blooming economy is attracting jumbo loans from international lenders to fuel the emerging country’s growing portfolio of multi-billion infrastructure and privatisations projects and support its well-established financial institution market.
- Polkomtel to refi Z5bn of buyout loans
- Ojer pricing lures in lenders
- Glencore/Vitol jumbo loan to hit general
- Building bridges
- Raised hopes
- Dubai signals recovery with blowout trade
- Eastern Europe: EPH boosts hopes for M&A revival