GCC
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Commercial Bank of Qatar has signed its $1bn loan refinancing and increased the deal from $800m in syndication, but bankers said it was fortunate to have got the deal done in time before Middle Eastern loan margins rise. -
Qatar National Bank priced its first Australian dollar deal on Tuesday.
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The Sultanate of Oman has widened the pricing of its $1bn loan by 10bp to encourage banks to lend, after the sovereign was downgraded by Standard & Poor's in November.
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Vivalto Santé, the French private health service provider, has announced €228m of loans for its leveraged buyout by Mubadala Development Co, the Abu Dhabi Government owned investment and development company.
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Kuwait petrochemical firm Equate is scheduled to complete its $6bn loan this week, while Oman and Qatar continue syndicating their sovereign loans.
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Doha Bank is syndicating a $500m two year loan and commitments are due in mid-December. But at least three bankers have told GlobalCapital that they think the pricing is tight.
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Kuwait petrochemicals firm Equate is scheduled to complete syndication of $6bn of loans this week.
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Abu Dhabi based Gulf Marine Services (GMS) has signed a $620m loan refinancing and lowered the cost of the loans.
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The Dubai Gold and Commodities Exchange (DGCX) is set to launch trading of offshore RMB (CNH) futures contracts on December 18. The exchange is looking to leverage the RMB’s new-found status as an SDR currency, it told GlobalRMB.
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The International Islamic Financial Market has teamed up with the International Swaps and Derivatives Association to publish launch an Islamic cross currency swap standard.
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Emirates Global Aluminium launched syndication on Tuesday for a $4.9bn seven year loan facility, comprising both conventional and Islamic financing, to refinance existing loans.
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