GCC

Beset by dire predictions and gloomy warnings from all sides as to the future of emerging markets, CEEMEA borrowers decided to ignore the melodrama and produce the second biggest week for issuance of the entire year.

Istanbul Airport — Yapi Kredi — Ezdan

Abu Dhabi’s Union National Bank (UNB) signed its latest $750m loan in the nick of time, ahead of a widening margins for Middle Eastern loans, bankers say.

Abu Dhabi’s Union National Bank (UNB) had to scale back commitments on its recent $750m loan despite increasing it from $500m, a bank spokesperson has claimed.

Bahrain’s Bank ABC has hired two bankers as it expands its syndication business.

Abu Dhabi’s Union National Bank (UNB) has increased its latest loan to $750m and closed the deal just in time to achieve a tight margin, according to one banker on the deal.

Qatari real estate firm Ezdan has signed a $500m Islamic finance loan with Mashreqbank acting as sole lead.

Société Générale has appointed Antoine Toussaint as chief country officer and CEO of its Saudi Arabia subsidiary.

Abu Dhabi Water & Electricity Authority (Adwea) is planning an international dollar project bond, which could be the first such deal from CEEMEA since 2013.

The Government of the Sultanate of Oman, has mandated banks for its Omani rial sukuk, which is expected to be a precursor to an international sukuk.

Bahrain is planning a dual tranche international bond deal, according to bankers that have seen the Kingdom’s request for proposals (RFP).

United Arab Bank has completed and signed a $125m three year loan with a syndicate of six banks.