Bank hopes deal for Promsvyazbank kick-starts market recovery.

Energy company uses new funds to develop North American interests.

Banks approve new funds for Tanzanian agricultural supply chain specialist.

CHF160mn facility will let hotel company restructure debt.

Moody's leaves Ukraine's credit rating unchanged as loan default raises concerns.

Russian bank secures this year’s first major international syndicated loan.

Gunvor International, an independent oil trader headquartered in Amsterdam, which mainly exports oil from Russia, has signed a revolving one-year credit facility of US$600mn, successfully refinancing and extending last year’s debut of US$370mn.

Russian oil firm Lukoil is in the final stages of signing a US$1.2bn syndicated loan with a group of 12 banks, according to banking sources.

Nord Stream, a 1,200km gas pipeline project running from Russia through the Baltic Sea to Germany, is looking to raise the first phase of financing in Q3, raising US$3.5bn.

Despite tough market conditions, some CEE banks have returned to the syndicated loan market in the second quarter of 2009. State-owned banks like HBOR and NBL have managed to raise loans, as have three Turkish banks.

International Petroleum Investment Company (IPIC), a state-owned petroleum company based in Abu Dhabi, is launching a US$3.5bn syndicated loan, which is set to be the biggest Middle East loan so far this year.

Mobile TeleSystems (MTS), the largest mobile phone operator in Russia and the CIS, has signed a facility agreement to refinance a portion of its US$1.33bn syndicated loan facility.