Middle East

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.

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.

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.

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.

Turkish mobile phone operator Turkcell has released price guidance for a 10 year dollar bond at 6.25% yield area, having waited a fortnight for the right opportunity to print its debut trade.

Turkey’s Yapi Kredi Bank has named the 38 lenders in its latest $1.2bn-equivalent one year loan.

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.