Middle East Loans
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Oman’s Bank Sohar has had to reduce the number of participants on its $250m syndicated loan after it was heavily oversubscribed, according to a banker on the deal. -
Oman Oil has mandated 12 banks to arrange a $1.2bn five year syndicated loan to refinance a $1bn tranche of a loan it took out in 2014, according to a banker on the deal.
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The Islamic arm of Turkey's Ziraat Bank has signed a $236m one year Murabaha syndicated loan with 13 banks, according to a banker on the deal.
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Kuwait National Petroleum Co is due to finalise documentation on its final loan facility for its 'clean fuels' project, bringing the total debt accumulated for the project to $7.2bn.
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India’s third largest private bank Axis Bank has sent out a request for proposal for a $295m syndicated loan for Dubai’s hospital group Aster DM Healthcare.
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Dubai’s luxury hotel chain Jumeirah Group has signed a syndicated loan for around $1.4bn to refinance a facility taken out in 2013, according to a banker on the deal.
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Dubai’s luxury hotel chain Jumeirah Group has signed a syndicated loan for around $1.4bn to refinance a facility taken out in 2013, according to a banker on the deal.
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Oman's loan borrowing splurge has ramped up a notch with the country's ministry of finance seeking a large loan, with Chinese banks as central participants.
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Dubai Airports has signed a $3bn syndicated loan to finance the expansion of its Dubai International Airport and Dubai World Central Airport, also known as Al Maktoum International Airport, in Jebel Ali, in preparation for the World Expo 2020.
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Oman Oil is set to bring a raft of financings to the syndicated loan market, and has begun by seeking to refinance the $1bn tranche from a $1.85bn loan it took out in 2014.
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Bahrain’s Arab Banking Corporation decided to repay its $750m loan ahead of its maturity due to an increase in its liquidity, allowing it to avoid further interest payments.
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Oman Oil wants to refinance the $1bn tranche from a $1.85bn loan it took out in 2014, adding to the company’s much wider financing plan, according to a banker on the deal.
