Saudi Electricity Co taps loan market for $1.75bn

Saudi Electricity Co (SEC), the largest utility company in the Middle East and North Africa, signed its largest international syndicated loan of $1.75bn on Wednesday with eight banks.

  • By Bianca Boorer
  • 16 Aug 2017

MUFG, SMBC, Mizuho, HSBC, Standard Chartered, Natixis, Citi and First Abu Dhabi Bank are on the deal. The bullet facility has a tenor of five years.

In June last year the company borrowed $1.5bn from ICBC, one of the largest ever loans given by ...

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 344,399.19 1192 10.46%
2 JPMorgan 332,089.48 1132 10.09%
3 Citi 222,364.34 678 6.76%
4 Wells Fargo Securities 184,649.83 841 5.61%
5 Barclays 138,211.09 537 4.20%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 3,885.74 11 11.28%
2 Citi 3,305.25 10 9.59%
3 First Abu Dhabi Bank 2,979.73 13 8.65%
4 Industrial & Commercial Bank of China - ICBC 2,637.92 7 7.66%
5 China Development Bank Corp 2,162.50 2 6.28%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,543.40 76 7.21%
2 BNP Paribas 17,658.36 110 6.51%
3 Goldman Sachs 15,275.80 61 5.64%
4 Deutsche Bank 14,293.34 81 5.27%
5 HSBC 14,165.38 91 5.23%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 36,809.20 177 6.30%
2 Deutsche Bank 36,549.85 129 6.26%
3 BNP Paribas 30,786.06 186 5.27%
4 Bank of America Merrill Lynch 30,712.91 97 5.26%
5 Barclays 30,558.69 87 5.23%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2016
1 HSBC 35.45 69 6.71%
2 BNP Paribas 31.67 78 5.99%
3 ING 31.21 74 5.90%
4 Citi 22.60 36 4.27%
5 Deutsche Bank 21.89 32 4.14%