Middle East Loans
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Bahrain Steel has closed syndication on $340m of seven year loan facilities with banks.
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Bahrain Steel has closed syndication of $340m of seven year loan facilities with banks.
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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.
