Kuwait
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Kuwaiti petrochemicals firm Equate has signed $6bn of loans, with a range of lenders from different regions joining the five underwriting banks. -
Kuwaiti logistics firm Agility Public Warehousing Company is arranging its first loan since 2008, according to bankers.
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Kuwait’s Burgan Bank is wrapping up a year of busy financing activity from Middle Eastern banks. It completed a $350m loan on Wednesday, increased from $300m.
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Kuwait petrochemicals firm Equate has delayed signing $6bn of loans until next week because the firm’s board members are still waiting on approvals, said bankers.
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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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Kuwait petrochemicals firm Equate is scheduled to complete syndication of $6bn of loans this week.
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The fate of three Middle East mandates this week spoke volumes about the state of that market, as issuers chase dwindling liquidity into the last weeks of 2016.
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Kuwait petrochemicals firm Equate is due to close a $6bn one year loan by early December that will include an Islamic financing component.
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Kuwait petrochemicals firm Equate is in the market for a $6bn one year loan after signing a $3.2bn deal to buy ME Global last week.
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Kuwait International Bank (KIB) will sign a $320m three year Sharia-compliant loan on Monday. It was the Islamic bank’s first loan in eight years and was increased from $100m.
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Kuwaiti financial Burgan Bank has receive approval to buy back $400m and KD100m ($329.7m) in subordinated debt, which will no longer count as capital under Basel III regulation.
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Kuwaiti financial Burgan Bank has receive approval to buy back $400m and KD100m ($329.7m) in subordinated debt, which will no longer count as capital under Basel III regulation.
