Petro Rabigh rights issue mandate raises Saudi ECM hopes

The IPO of Saudi Aramco is likely to remain a top talking point for equity capital markets bankers for much of 2017, but another Saudi deal that is likely to prove more straightforward to bring to market has taken another step forward.

  • By Aidan Gregory
  • 04 Jan 2017

It has been a very long time coming, but at the end of December Rabigh Refining & Petrochemical Co (Petro Rabigh), the oil refining and petrochemical company controlled by Aramco and Sumitomo Chemical, chose HSBC Saudi Arabia as financial adviser for its rights issue.

The deal was first announced ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 162,719.54 628 8.01%
2 JPMorgan 151,101.13 653 7.44%
3 Bank of America Merrill Lynch 147,779.52 484 7.28%
4 Barclays 124,794.16 438 6.15%
5 Goldman Sachs 108,281.07 343 5.33%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 25,947.26 30 9.74%
2 Citi 16,842.42 38 6.32%
3 SG Corporate & Investment Banking 15,575.88 46 5.84%
4 Deutsche Bank 14,198.98 44 5.33%
5 Bank of America Merrill Lynch 13,028.84 31 4.89%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Goldman Sachs 6,961.44 31 9.30%
2 JPMorgan 6,815.38 29 9.10%
3 UBS 5,503.59 15 7.35%
4 Citi 5,145.98 30 6.87%
5 Deutsche Bank 4,303.27 25 5.75%