Middle East
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Bahraini iron pellet producer Bahrain Steel is in discussions with lenders to refinance an existing facility, according to bankers. The deal, some say, is part of a broader trend among emerging market borrowers seeking to secure more attractive conditions. -
Stephen Moss and Nuno Matos have been given new roles of responsibility for Europe at HSBC, ahead of expected restructuring of the group in that region, particularly in global banking and markets (GBM).
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Qatar National Bank has tightened price guidance for its second international bond of this year and books are already in excess of 3bn for the $1bn-maximum trade.
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Market participants at the Euromoney Sustainability MENA Conference in Dubai this week highlighted the importance of regulation as a driving force that could propel progress in sustainable finance.
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Vereker goes to JP Morgan — SG picks new CEEMEA DCM head — Goldman names new cross markets head
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Vakifbank printed its $750m 5.25% 2025s on Wednesday from a book that reached higher than $4.3bn at its peak, but the note was seen below re-offer in London’s secondary market on Thursday morning.
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Turkey's Vakifbank has released initial price guidance for a dollar benchmark, with the intention of printing the deal later on Wednesday.
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Citi has appointed Carmen Haddad as its vice-chair for the Middle East. During her time as country officer of Saudi Arabia, the bank has been involved in some of that country’s most notable capital markets deals.
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Lenders are disappointed at the low levels of activity so far this year in the Middle East. The region’s loans market, which struggled last year to match 2018 volumes, will continue to struggle against the booming bond market, according to bankers.
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Dubai’s Emirates NBD Bank has sold a small stake in NMC Health, the beleaguered UAE private healthcare company, to close out a loan owed by Infinite Investment, a vehicle for two of the company’s controlling shareholders.
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The risk that huge amounts of oil and gas assets will be stranded by moves to tackle the climate emergency may be more pertinent for sovereign credit than for private sector corporate debt, according to new research.
