Middle East Loans

Sharjah Islamic Bank (SIB) will pay a margin of 165bp for its $200m murabaha loan, which should launch syndication early next week, according to a banker on the deal.

Emirates Global Aluminium has completed its $4.9bn loan refinancing, with eight lenders joining the underwriting banks, as this week the borrower announced its income had almost halved last year.

As Kuwaiti petrochemicals company Equate decides how to refinance its $6bn bridge loan, the borrower will likely avoid the bond market and stick to loans in the near future, bankers told GlobalCapital.

A run of loans for highly-rated Middle Eastern government related entities (GREs) is expected to shape the year for Gulf loans.

As the Middle East's banks face rising funding costs, one is arranging what it describes as a mezzanine loan for a Gulf schools operator in a drive for juicier loan margins.

Sharjah Islamic Bank (SIB) is raising a murabaha loan which was launched at $200m but will grow far beyond that size, according to a banker on the deal.

Kuwait National Petroleum Company is in talks for $10bn of loans which have been in the pipeline for almost a year, although syndication has not taken off yet.

Sharjah Islamic Bank — Royal Jordanian Airlines — Ardmore — Telenet

Royal Jordanian Airlines has signed a $275m five year dual tranche loan facility with a syndicate of seven banks.

Sharjah Islamic Bank is close to launching a $200m murabaha loan, according to bankers.

Abu Dhabi’s government-related entities (GREs) are expected to turn to the loan market this year as redemptions and expansion projects in the region increase the need for funding.

The head of Oman’s central bank has called for his country's borrowers to embrace capital market funding, with the sovereign widely expected to lead the charge itself with a large bond or sukuk.