Damac raises loan for first UK development

Dubai-based property firm Damac has raised £175m to finance the development of its first luxury real estate project in London, Damac Tower. The deal comes amid prolonged Brexit uncertainty and a slump in the UAE’s real estate market.

  • By Mariam Meskin
  • 15 Apr 2019

Barclays, Burgan Bank and Emirates NBD are providing the financing, which is being matched by an equity contribution from Damac. 

Proceeds will be used to fund the continued development of Damac Tower, a luxury property project in Nine Elms, southwest London.

Damac chairman Hussain Sajwani said: “In a vote of ...

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 181,382.53 483 11.16%
2 Bank of America Merrill Lynch 169,338.67 528 10.42%
3 Citi 103,232.86 301 6.35%
4 Wells Fargo Securities 93,136.26 343 5.73%
5 Mizuho 77,122.67 341 4.74%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Standard Chartered Bank 2,711.00 8 10.72%
2 First Abu Dhabi Bank 2,481.46 9 9.81%
3 Citi 1,786.67 6 7.06%
4 MUFG 1,499.82 6 5.93%
5 Sumitomo Mitsui Financial Group 1,489.50 4 5.89%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 BNP Paribas 5,789.90 38 7.24%
2 Credit Agricole CIB 5,356.91 28 6.70%
3 Deutsche Bank 5,287.08 28 6.61%
4 JPMorgan 5,144.14 22 6.43%
5 Goldman Sachs 4,189.40 23 5.24%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Credit Agricole CIB 22,991.03 88 8.00%
2 BNP Paribas 22,856.10 93 7.96%
3 Bank of America Merrill Lynch 17,816.23 50 6.20%
4 UniCredit 13,146.65 71 4.58%
5 Deutsche Bank 13,089.86 49 4.56%

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%