United Arab Emirates
-
Abu Dhabi National Energy Company (Taqa) has closed its $3bn refinancing, with the deal oversubscribed despite what loan officials described as “aggressive” negotiations with banks. -
Dubai Aerospace Enterprise will repay $705m of loans ahead of schedule with funds from the sale of its maintenance, repair and operations unit, StandardAero.
-
The Abu Dhabi based Emirates Motor Company (EMC) has closed a $175m loan that includes an Islamic component with four banks.
-
Taqa, the Abu Dhabi National Energy Co, made a dazzling entry into the international capital markets this week, pricing the largest ever straight bond issue from the Middle East — a three-tranche blowout totalling the equivalent of $3.5bn that pulled $10bn of demand.
-
IPIC is talking to banks about a $640m eight year syndicated loan. It approached around 15 lenders early in August for first round commitments, and is likely to put together a club of eight banks within the next two weeks.
