Middle East Loans

Russian issuers have finally returned to the market this year, with both Sberbank and Russian Agricultural Bank printing dollar bonds this week. RAB's $500m deal is a tap of its outstanding $800m 2018s, while Sberbank's note is a $1bn 10 year non call five tier two bond, printed under the Central Bank of Russia’s clarified writedown language for Basel III compliant debt.

Emerging market loans bankers are tipping Middle Eastern borrowers to make a strong showing in the loan market this year.

Abu Dhabi real estate developer Saadiyat Development and Investment Company will begin offering Shariah-compliant home finance for buyers of villas on Saadiyat Island, the flagship project of Tourism Development and Investment Company.

The Islamic Development Bank (IsDB) has arranged a $50m financing facility for an agricultural project in eastern Sudan.

The Islamic Development Bank (IsDB) has approved $705m of facilities for infrastructure and human development projects in its latest round of financing for member countries.

Saudi Arabian engineering firm Abdullah AM Al-Khodari Sons Co has renewed an existing Shariah-compliant credit facilities agreement with Gulf International Bank for SR291.3m ($78m).

Saudi Arabian engineering firm Abdullah AM Al-Khodari Sons Co has renewed an existing Shariah-compliant credit facilities agreement with Gulf International Bank for SR291.3m ($78m).

The Islamic Development Bank (IsDB) has signed an Mr1.8bn ($220m) financing facility with Morocco for drinking water supply projects in Agadir and Chtouka Ait Baha, and the olive sector for small farmers.

Emerging market bond bankers have been unnerved by the sell-off in their asset class this week. But as trading stabilised on Tuesday and interest rate hikes in Turkey and India calmed local currency selling, a new issue emerged from Latin America and bankers hope others in CEEMEA may not be far behind.

The Islamic Development Bank (IsDB) and Senegal have signed facilities totalling $144m for the financing of three social projects in the west African country.

Abu Dhabi Islamic Bank (ADIB) has signed Dh450m ($122.5m) Islamic financing facility with Al Dhafra Cooperative Society, a private equity firm that serves local communities in western Abu Dhabi.

Abu Dhabi Islamic Bank (ADIB) has signed Dh450m ($122.5m) Islamic financing facility with Al Dhafra Cooperative Society, a private equity firm that serves local communities in western Abu Dhabi.