Middle East

  • Adnoc investor group Galaxy raises triple trancher

    Adnoc investor group Galaxy raises triple trancher

    Galaxy Pipeline Assets Bidco, a group of international investors that provided Abu Dhabi National Oil Company (Adnoc) with $8bn in a pipeline partnership deal earlier this year, has raised a $4bn triple tranche bond to refinance half of the loan that funded the team-up.

  • Sharjah returns for sukuk tap

    Sharjah returns for sukuk tap

    The Emirate of Sharjah, which last entered markets this June with a Formosa bond, has mandated banks to arrange a tap on its dollar sukuk.

  • Goldman preps rare royalty-backed bond for Delek

    Goldman Sachs is marketing a new high yield bond for Delek Energy, backed by the royalty payments to come from the Leviathan gas field off the coast of Israel. The financing is effectively super senior to a $2.25bn bond issued in the summer, and ekes out extra debt capacity, borrowing financial technology common in the US shale industry and applying it to a new, Israeli context.

  • Middle East trio lines up dollar benchmarks

    Middle East trio lines up dollar benchmarks

    Three borrowers in the Middle East are set to come to market for dollar benchmarks this week with a sudden rush of mandate announcements after a quiet few weeks in the region's debt capital markets.

  • Mideast borrowers boost Asian loan market

    Mideast borrowers boost Asian loan market

    Two Middle Eastern borrowers are tapping the Asian loan market as part of a new syndication strategy, taking advantage of the slow primary supply in Asia.

  • SEWA woos banks for $250m loan

    SEWA woos banks for $250m loan

    Sharjah Electricity & Water Authority (SEWA), a state-owned firm in the United Arab Emirates, is making a rare appearance in the Asian syndicated loan market with a $250m borrowing.

  • KPC taps loan market with Kuwait locked in debt talks

    KPC taps loan market with Kuwait locked in debt talks

    State-owned Kuwait Petroleum Company has raised a syndicated loan from local lenders worth $3.27bn equivalent. The deal is one of the few major financings to take place in the Middle East during the coronavirus pandemic, and comes at a time when Kuwait faces critical economic challenges.

Middle East News Archive