Middle East - All Articles

  • Adnoc investor group Galaxy raises triple trancher

    Galaxy Pipeline Assets Bidco, a group of international investors that provided Abu Dhabi National Oil Company (Adnoc) with $8bn in a pipeline partnership deal earlier this year, has raised a $4bn triple tranche bond to refinance half of the loan that funded the team-up.

    • 01.15 PM
  • Sharjah returns for sukuk tap

    The Emirate of Sharjah, which last entered markets this June with a Formosa bond, has mandated banks to arrange a tap on its dollar sukuk.

    • 27 Oct 2020
  • Middle East issuers print rapid flurry of paper as election nears

    A sudden rush of deals from Middle East issuers hit the screens this week, giving the region its busiest week since early September.

    • 22 Oct 2020
  • Goldman preps rare royalty-backed bond for Delek

    Goldman Sachs is marketing a new high yield bond for Delek Energy, backed by the royalty payments to come from the Leviathan gas field off the coast of Israel. The financing is effectively super senior to a $2.25bn bond issued in the summer, and ekes out extra debt capacity, borrowing financial technology common in the US shale industry and applying it to a new, Israeli context.

    • 19 Oct 2020
  • Middle East trio lines up dollar benchmarks

    Three borrowers in the Middle East are set to come to market for dollar benchmarks this week with a sudden rush of mandate announcements after a quiet few weeks in the region's debt capital markets.

    • 19 Oct 2020
  • Mideast borrowers boost Asian loan market

    Two Middle Eastern borrowers are tapping the Asian loan market as part of a new syndication strategy, taking advantage of the slow primary supply in Asia.

    • 15 Oct 2020
  • EM mandates hit screens ahead of issuance window closing

    Two CEEMEA issuers mandated banks to arrange investor calls on Monday, although bond issuance volumes are expected to wane in coming weeks.

    • 12 Oct 2020
  • SEWA woos banks for $250m loan

    Sharjah Electricity & Water Authority (SEWA), a state-owned firm in the United Arab Emirates, is making a rare appearance in the Asian syndicated loan market with a $250m borrowing.

    • 12 Oct 2020
  • Fiverr International places $400m convertible

    Fiverr International has become of the latest Israeli software company to tap the US convertible bond market for financing during the pandemic, raising $400m.

    • 09 Oct 2020
  • KPC taps loan market with Kuwait locked in debt talks

    State-owned Kuwait Petroleum Company has raised a syndicated loan from local lenders worth $3.27bn equivalent. The deal is one of the few major financings to take place in the Middle East during the coronavirus pandemic, and comes at a time when Kuwait faces critical economic challenges.

    • 06 Oct 2020