Middle East
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Qatar Islamic Bank (QIB) has picked banks for a senior Reg S sukuk, and kicks off investor meetings this week.
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Turkiye Garanti Bankasi is applying to the country’s capital markets board for authorisation to issue an international covered bond of up to €2bn, but the deal’s future likely hinges on the outcome of Turkey’s elections, said bankers close to the deal. -
Garanti has taken the first step to refinance its second loan of the year, with tranches of up to $1.5bn and €1.5bn.
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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.
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Istanbul Airport — Yapi Kredi — Ezdan
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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.
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Turkish mobile phone operator Turkcell sold its $500m 10 year bond at a yield of 5.95% on Wednesday, having responded to investor requests to limit size and in doing so securing a tight price for the issuer.
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Six Turkish banks will provide €4.5bn in Turkey’s second largest ever project finance loan, for Istanbul Atatürk Airport, although the deal will not be syndicated.
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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.
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Bahrain’s Bank ABC has hired two bankers as it expands its syndication business.
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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.
