Middle East Loans
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Bank of Tokyo Mitsubishi UFJ has lost a senior banker from its loan syndication business in London. -
Dana Gas — Luossavaara‑Kiirunavaara
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Sharjah-based natural gas company Dana Gas has secured a $100m term loan, including a Shariah compliant tranche, for the Zora Field development project.
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Oman Oil Co, a state-owned investment arm of the sultanate, has signed a $1.85bn unsecured financing with banks, according to two loans bankers.
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Oman Oil Co, a state-owned investment arm of the sultanate, has signed a $1.85bn unsecured financing with banks, according to two loans bankers.
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The Islamic Development Bank (IsDB) has approved $987m of financing for socio-economic development projects in member countries and Muslim communities in non-member countries.
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Bahrain’s Gulf Finance House has signed a $105m murabaha credit facility agreement with Kuwait Finance House’s Bahraini subsidiary.
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The Saudi Public Transport (Saptco) has signed a three year SR64.2m ($17.1m) Islamic financing facility with the Saudi British Bank.
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Loan bankers have every reason to be getting twitchy. Any lingering hopes of Russian deals getting a reprieve were finally extinguished this week as fighting continued in Ukraine and tensions with Russia escalated, writes Dan Alderson.
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Dubai dominated in emerging market loans this week, with big-name borrowers taking advantage of bankers’ woes elsewhere to push for tighter repricing of their existing deals.
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National Bank of Abu Dhabi is set to embark on a hiring push as it makes its bid for the top in loans, bonds and sukuk origination.
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The Russian loans market is all but shut and other emerging markets quiet as participants take their summer vacations, but activity the Middle East is ticking over this week thanks to repricing moves by some of Dubai’s big name borrowers.
