Rare MidEast launch for Qatari Diar’s Cegelec loan
Qatari Diar, a real estate investment company owned by Qatar Investment Authority, the sovereign wealth fund, is in the market with a Eu600m loan to support its acquisition of French electrical engineering group Cegelec.
The transaction is one of the rare loans to be launched in the Middle East since the turmoil that hit the global financial system in September. Qatari Diar is paying a big premium compared with its previous deals, reflecting how much conditions have deteriorated.
Other facilities in syndication
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.