Top Section/Ad
Top Section/Ad
Most recent
Absa, FirstRand and Standard Bank were MLAs in first deal after private equity exit
Omani oil company has pushed out maturity by a year
Renamed company's $4.2bn murabaha facility has lifted Saudi banks
Volume dips only slightly despite there being a third fewer transactions
More articles/Ad
More articles/Ad
More articles
-
Egypt's government has agreed $1bn of financing with Saudi Arabia's Islamic Development Bank (IDB) to put towards energy and food imports. The investment is the first confirmed part of a previously planned $2.5bn deal and comes via IDB subsidiary the International Islamic Trade Finance Corporation.
-
Sri Lankan Airlines lands Islamic funding debut
-
Sri Lankan Airlines has agreed a $175m debut syndicated Islamic loan with five Middle East banks, opening the door for other potential Sri Lankan borrowers to tap the Islamic market. The four-year dual tranche facility was denominated in dollars and UAE dirhams.
-
The African loan market may be breaking out of its first half malaise, after the owners of Nigerian special purpose vehicle Shoreline Natural Resources announced that the SPV is in talks to purchase an $850m major stake in Nigerian oil site OML 30. The bulk of the acquisition will be financed by a $550m bridge loan from Standard Bank of South Africa.
-
Turk Telekom has signed a €100m loan from the European Bank for Reconstruction and Development. The eight year loan will finance capital expenditures for Turk Telekom’s broadband network expansion across Turkey.
-
Bankers were shocked this week at the aggressive pricing demanded by Saudi Arabia’s Sadara as funding officials of the integrated chemicals complex project approached banks for long term financing for around $4bn. Sponsors Dow Chemicals and Saudi Aramco are aiming for a margin as low as 45bp, a price that international lenders have derided as unrealistic.