Zain increases to $1.3bn after oversubscription

Kuwaiti telecoms company Zain has signed its increased $1.3bn refinancing, the only widely syndicated Middle East deal since protests took hold in the region. The deal was apparently unaffected by the crises in Tunisia, Egypt, Libya and Bahrain, and was increased from $1.2bn following an oversubscription.

  • 04 Apr 2011

“It had good momentum at the start but the uprisings in the Middle East coincided with the later stages of syndication,” said a banker close to the deal. “It was the ultimate test but we still managed to close oversubscribed.”

Arab Banking Corporation, Bank of Taiwan, Chang Hwa Commercial ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 1,284 2 30.09
2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 10,917.09 37 12.45%
2 Bank of America Merrill Lynch 10,011.21 29 11.41%
3 Barclays 8,176.97 25 9.32%
4 JPMorgan 7,602.76 28 8.67%
5 Wells Fargo Securities 6,773.29 27 7.72%