Zain and Etisalat bring lending oasis to Gulf

Kuwaiti mobile phone company, Zain, is in talks with banks for a $1.5bn refinancing while lenders attempt to woo UAE’s telecommunications giant, Etisalat, which is seeking $9bn in loans for its purchase of a 46% stake in Zain.

  • 15 Oct 2010
Loans bankers expect Zain’s refinancing to go ahead irrespective of the takeover bid. The company has not mandated banks for the deal yet but movement on the transaction is expected next week. Middle East loans bankers expect Zain to pay a slightly higher margin than Qatar Telecom (Qtel), ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: 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 BNP Paribas 13,295 25 18.56
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.25
3 Lloyds Bank 6,979 21 9.74
4 Citi 6,256 16 8.73
5 JP Morgan 5,220 8 7.29

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 104,581.71 299 10.92%
2 Bank of America Merrill Lynch 86,347.40 249 9.01%
3 JPMorgan 80,990.39 237 8.46%
4 Wells Fargo Securities 77,934.65 225 8.14%
5 Credit Suisse 63,570.21 165 6.64%