China Development Bank

Saudi Oger picks arrangers for $2 bln loan - statement

Saudi Oger revealed that it has assigned banks to arrange its first loan to be run by non-Saudi institutions, with syndication expected to begin shortly.
The initial mandated lead arrangers and bookrunners for the deal will be Deutsche Bank, China Development Bank and Emirates NBD.
Abu Dhabi's Al Hilal Bank and Barclays Capital have been assigned responsability as lead arrangers for the APG only.

Clifford Chance Leads on $1.2 Billion Indonesia Islamic Financing

Clifford Chance has advised Indonesian mobile telecommunications carrier PT Natrindo Telepon Seluler, also known as Axis, on a $1.2 billion sharia-compliant financing.
The deal contains of a $450 million syndicated facility arranged by Deutsche Bank AG Saudi Arabia Ltd. and HSBC Saudi Arabia Ltd.; a $400 million facility funded by the China Development Bank for the purchase of networking equipment from Huawei Technologies Co. Ltd.; and a $350 million facility arranged by the Hong Kong and Shanghai Banking Corp. Ltd. for the purchase of equipment from Sweden's LM Ericsson.

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