Latest Middle East Bonds news go to loans | go to equity
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DP World running tender for pair of notes
DP World, the company responsible for operating Dubai’s ports, is buying back two of its outstanding bonds, becoming the fifth EM borrower to do so in September.
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Aramco: never mind the drones, feel the profits
Saudi Aramco, the state-owned oil company of Saudi Arabia, is confident that its exceptional financial position will allow its IPO to withstand geopolitical shocks such as the drone attack on the company’s oil facilities last Saturday, write Sam Kerr, Mariam Meskin and Francesca Young.
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SRC to issue second sukuk this year, as securitization added to agenda
Saudi Real Estate Refinance Company (SRC), a provider of mortgage financing in Saudi Arabia, is planning to issue its second sukuk of the year and may carry out a securitization, chief executive Fabrice Susini told GlobalCapital.
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Investors play down impact of Saudi oil attack for EM
Last weekend’s attack on Saudi oil facilities drove up the oil price and caused a rush to safe haven assets, but investors say they expect the turbulence to be short-lived.
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Flurry of Middle East paper on the way
Four Middle Eastern borrowers are set to come to market next week, as issuers and investors alike shake off the volatility caused by the attack on Saudi oil facilities last weekend.
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Go to GlobalCapital's Emerging Markets data pages for the latest information on priced deals, league tables and our proprietary database of Islamic Finance deals.
Latest Middle East Loans news bonds | equity
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Sukuk and bonds seduce Gulf borrowers as loans wither
Gulf borrowers are being increasingly lured by the attractive terms offered in bond and sukuk markets, much to the detriment of international lenders, many of which are disgruntled by the disappointing loan volumes in the region.
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Averda amends and extends loan
MEA-based waste management services provider Averda has amended and extended an existing term loan facility, garnering 70% oversubscription.
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PIF’s ‘aggression’ called into question as loan nears close
Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF), is close to finalising its second syndicated loan, which is scheduled for September. Margins are slimmer than on the borrower’s debut last year, according to bankers, though some in the market wondered if the fund will push even further on pricing before the deal is done.
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Lenders pledge support to Turkish SMEs
Albaraka Turk Participation Bank and the Islamic Development Bank have signed a $40m Islamic financing facility to support small and medium enterprises in Turkey.
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Lenders disappointed by diminishing ME activity
Middle East loans activity has fallen this year, confounding last year's hopes among bankers, with blame falling indirectly on the US-China trade war and sluggish global growth.
Latest Middle East Equity news bonds | loans
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Aramco: never mind the drones, feel the profits
Saudi Aramco, the state-owned oil company of Saudi Arabia, is confident that its exceptional financial position will allow its IPO to withstand geopolitical shocks such as the drone attack on the company’s oil facilities last Saturday, write Sam Kerr, Mariam Meskin and Francesca Young.
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Aramco: how do you discount for drones?
It isn't often that equity investors are asked to buy assets subjected to physical attack. The drone strikes on Saudi Arabia’s Abqaiq and Khurais oil facilities on Saturday could lead to Aramco demanding a big discount on any upcoming listing. The IPO market has suffered its fair share of geopolitical tumult of late, but this long and keenly anticipated deal could wind up being the riskiest of them all.
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Aramco banks plough on with 2019 IPO plans despite attacks
Sources close to the listing of Saudi Aramco, the state-owned oil producer, have confirmed that they are working flat out to bring the Saudi company to market before the end of the year, despite attacks on its oil fields over the weekend.
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The big pitch: bankers line up for $100bn Aramco IPO
Global banks have been stepping up their pitches to win the mandate for oil giant Saudi Aramco's $100bn IPO during the second week of meetings, as competition heated up to win a spot on the on-again, off-again blockbuster sale.
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Most Viewed: Emerging Markets
Bank Profiles
Latest news by market and league table performance
Bookrunners of International Emerging Market DCM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 39,239.04 | 223 | 7.74% |
| 2 | HSBC | 37,928.36 | 307 | 7.48% |
| 3 | JPMorgan | 36,802.10 | 191 | 7.26% |
| 4 | Standard Chartered Bank | 27,333.34 | 227 | 5.39% |
| 5 | Goldman Sachs | 19,742.96 | 89 | 3.89% |
Bookrunners of LatAm Emerging Market DCM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 9,719.43 | 36 | 12.00% |
| 2 | JPMorgan | 9,063.29 | 36 | 11.19% |
| 3 | Bank of America Merrill Lynch | 6,672.20 | 26 | 8.23% |
| 4 | Goldman Sachs | 5,908.94 | 23 | 7.29% |
| 5 | Santander | 5,334.22 | 29 | 6.58% |
Bookrunners of CEEMEA International Bonds
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | JPMorgan | 17,089.61 | 67 | 11.90% |
| 2 | Citi | 15,564.88 | 61 | 10.84% |
| 3 | Standard Chartered Bank | 11,417.32 | 59 | 7.95% |
| 4 | HSBC | 8,619.65 | 46 | 6.00% |
| 5 | BNP Paribas | 8,531.65 | 24 | 5.94% |
EMEA M&A Revenue
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | JPMorgan | 195.08 | 50 | 10.55% |
| 2 | Goldman Sachs | 162.26 | 37 | 8.77% |
| 3 | Morgan Stanley | 141.22 | 46 | 7.64% |
| 4 | Bank of America Merrill Lynch | 114.20 | 33 | 6.18% |
| 5 | Citi | 95.36 | 35 | 5.16% |
Bookrunners of Central and Eastern Europe: Loans
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | ING | 2,518.73 | 15 | 13.37% |
| 2 | UniCredit | 1,953.88 | 13 | 10.37% |
| 3 | SG Corporate & Investment Banking | 1,851.18 | 13 | 9.82% |
| 4 | Citi | 1,187.74 | 11 | 6.30% |
| 5 | MUFG | 1,085.56 | 8 | 5.76% |
Bookrunners of India DCM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Standard Chartered Bank | 2,905.23 | 23 | 16.40% |
| 2 | Barclays | 2,077.67 | 20 | 11.73% |
| 3 | HSBC | 1,823.74 | 19 | 10.30% |
| 4 | MUFG | 1,658.78 | 15 | 9.36% |
| 5 | JPMorgan | 1,584.80 | 18 | 8.95% |
