Middle East
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The $1bn 10 year note issued by Bahrain’s Oil and Gas Holding Company (Noga) had already traded up by two cash points in the secondary market on Thursday, after landing at the top end of where deal watchers saw fair value. -
The non-US women's health unit of Israel’s Teva Pharmaceutical Industries is mulling the option of issuing its first term loans in euros to fund its buyout by private equity firm CVC.
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Lebanon energy trading company BB Energy signed a $225m revolving credit facility (RCF) on Wednesday to refinance a $200m facility from last year.
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Arab Petroleum Investments Corporation (Apicorp) is embarking on investor meetings for a benchmark five year sukuk.
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Bahrain’s Oil and Gas Holding Company (Noga) had taken books of $2.6bn for its debut 10 year bond on Wednesday, while bankers debated the significance of the spread over the Bahraini sovereign.
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MUFG has hired a new head of Middle East capital markets in Dubai as Jonathan Segal relocates to London to focus on Europe.
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Development finance institutions the European Bank for Reconstruction and Development (EBRD) and International Finance Corp have lent €215m to Vetroelektrane Balkana (WEBG) to develop Čibuk 1, the largest wind farm in Serbia and the western Balkans.
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Turkey’s fourth largest private bank Yapi Kredi signed a $1.36bn syndicated loan with 37 banks on Monday.
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Investors are expecting a jumbo trade from the Qatari sovereign in the coming weeks, with money already shifting out of the borrower’s curve in preparation.
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Abu Dhabi Commercial Bank issued a A$400m ($315.5m) triple tranche Kangaroo bond last Friday, following a similar deal from Emirates NBD in late September — a promising sign for prospective GCC banks looking to return to the Australian dollar market.
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Turkish oil refiner Tupras hit screens for the first time in five years on Thursday, with the transaction successful despite a geopolitical ruckus and a fatal tragedy at one of the company’s plants.
