2023 AWARD WINNERS:

Sovereign, Supra & Agency Bond Deal of the Year

UAE Federal Government

USD3bn Dual Tranche 10 & 30 Year Bonds, 4.050%, 4.951%
Issued: June 2022; Matures: July 2032, July 2052
Bookrunners/JLMs: ADCB, Bank of America, Citi, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, ICBC, JPMorgan, Mashreq, Standard Chartered Bank
Legal Adviser to the Issuer: Clifford Chance
Legal Adviser to the JLMs: Latham & Watkins
Advisor: Lee & Li

Quasi-Sovereign/GRE Bond Deal of the Year

Mubadala

USD 500m 3% 2027 & USD 1bn 3.375% 2032 Eurobond
Issued: March 2022; Matures: 2027, 2032
Bookrunners/JLMs: ADCB, BofA Securities, First Abu Dhabi Bank, HSBC, Intesa Sanpaolo, MUFG, Société Générale
Legal Adviser to the Issuer: Allen & Overy
Legal Adviser to the JLMs: Clifford Chance

Corporate Bond Deal of the Year

Majid Al Futtaim

USD500m 7.875% Subordinated Perpetual NC5.25 Green Bond
Issued: June 2022; Matures: Perpetual
Global Coordinators: Citi, HSBC, Standard Chartered Bank
Bookrunners/JLMs: ADCB, Citi, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Standard Chartered Bank
Legal Adviser to the Issuer: Clifford Chance, Maples and Calder (Dubai)
Legal Adviser to the JLMs: Dentons

Structured Bond Deal of the Year

Sweihan PV Power Company

USD701m 3.625% Senior Secured Green Bonds
Issued: January 2022; Matures: January 2049
Bookrunners/JLMs: BNP Paribas, Citi, First Abu Dhabi Bank, HSBC, MUFG, SMBC Nikko
Legal Adviser to the Issuer: White & Case
Legal Adviser to the JLMs: Norton Rose Fulbright
Issuer Financial Advisor: Emirates Water & Electricity Company, Alderbrook Finance
Sponsors’ Names: Abu Dhabi National Energy Company, Marubeni Corporation, Jinko Solar

Bank/FI Bond Deal of the Year

First Abu Dhabi Bank

USD700mn Senior Unsecured 5-Year Green Bond
Issued: October 2022; Matures: October 2027
Bookrunners/JLMs: Citi, Deutsche Bank, First Abu Dhabi Bank, Mizuho, Standard Chartered Bank
Legal Adviser to the Issuer: Dentons
Legal Adviser to the JLMs: Allen & Overy

ECA, DFI, IFI Deal of the Year

Amunet Wind Power Project

USD700m Project Financing
Issued: November 2022
Offtaker: Egyptian Electricity Holding Company
Sponsors: AMEA Power, Sumitomo Corporation
MLAs & Joint Green Coordinators : International Finance Corporation, SMBC, Standard Chartered Bank
Bookrunners: CIB Egypt, IFC, JBIC, Standard Chartered Bank, SMBC, Sumitomo Mitsui Trust Bank, Nippon Export and Investment Insurance (NEXI)
Legal Adviser to the Borrower: Baker McKenzie Egypt Helmy, Hamza & Partners, Clifford Chance
Legal Adviser to the Lenders: Milbank, Shalakany Legal Office

Abydos Solar Power Project

USD325m Project Financing
Issued: November 2022
Offtaker: Egyptian Electricity Holding Company
Sponsor: AMEA Power
Bookrunners: FMO, IFC, JICA
Legal Adviser to the Borrower: Baker McKenzie Egypt Helmy, Hamza & Partners, Clifford Chance
Legal Adviser to the Lenders: Norton Rose Fulbright, Sharakawy & Sarhan

ESG Bond Deal of the Year

The Government of the Emirate of Sharjah

USD1bn 6.5% 144A/RegS Sustainability Bond
Issued: February 2023; Matures: November 2032
Bookrunners/JLMs: ADCB, Citi, First Abu Dhabi Bank, GIB, HSBC, Intesa Sanpaolo, Invest Bank, SMBC
Legal Adviser to the Issuer: Clifford Chance
Legal Adviser to the JLMs: Allen & Overy

Global Bank/FI Sukuk Deal of the Year

The Saudi National Bank

USD750m Inaugural Sustainable RegS Only Senior Unsecured Sukuk Offering
Issued: January 2022; Matures: January 2027
Bookrunners/JLMs: Citi, Emirates NBD Capital, Goldman Sachs, HSBC, Mizuho, SNB Capital
Legal Adviser to the Issuer: Allen & Overy, Khosaim & Associates
Legal Adviser to the JLMs: Linklaters, Zamakhchary & Co.
Obligor / Issuer Name: SNB Sukuk Ltd

Global Corporate Sukuk Deal of the Year

Air Lease Corporation

USD600m 144a/RegS Senior Unsecured Sukuk
Issued: March 2023; Matures: April 2028
JLMs/Bookrunners: Al Rayan, Bank ABC, Citi, Deutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, JP Morgan, KFH Capital, Warba Bank
Legal Adviser to the Issuer: Allen & Overy, Walkers (Dubai) LLP
Legal Adviser to the JLMs: Clifford Chance

Global Sovereign Sukuk Deal of the Year

The Arab Republic of Egypt Represented by the Ministry of Finance

USD1.5bn 144a/RegS Senior Unsecured Sukuk
Issued: February 2023; Matures: February 2026
Bookrunners/JLMs: Abu Dhabi Islamic Bank, CA-CIB, Citi, Emirates NBD Capital, First Abu Dhabi Bank, HSBC
Legal Adviser to the Issuer: Clifford Chance, ADSERO – Ragy Soliman & Partners
Legal Adviser to the JLMs: Linklaters, Zaki Hashem & Partners

Ground-breaking Deal of the Year

The Public Investment Fund

USD3bn RegS Triple-tranche (including Century Tranche) Senior Unsecured ESG Bond
Issued: Oct 2022; Matures: Oct 2027, Oct 2032, Oct 2122
Global Coordinators: BNP Paribas, Citi, Deutsche Bank, Goldman Sachs, JPMorgan
Joint Green Structurers and Active Bookrunners: Credit Agricole, Standard Chartered
Active Bookrunners: First Abu Dhabi Bank, HSBC, Mizuho, SMBC Nikko, SNB Capital, Société Générale
Passive Bookrunners: ANB Capital, BofA Securities, Bank of China, GIB Capital, ICBC, Intesa SanPaolo IMI, Morgan Stanley, MUFG, Natixis, Riyad Capital, Saudi Fransi Capital
Legal Advisers to the Issuer: Latham & Watkins, Walkers (Dubai) LLP
Legal Advisers to the JLMs: Linklaters, Zamakhchary & Co.

ESG Loan Deal of the Year

The Oil and Gas Holding Company

USD2.2bn Sustainability Linked Facility
Issued: April 2022 ; Matures: September 2026
Bookrunners/JLMs: Mashreq, Gulf International Bank
Legal Adviser to the Borrower: Linklaters
Legal Adviser to the JLMs: Norton Rose Fulbright

Equity Capital Markets Deal of the Year

Dubai Electricity and Water Authority

USD6.1bn Initial Public Offering
Issued: April 2022;
Global Coordinators: Citi, Emirates NBD Capital, HSBC
Bookrunners: Credit Suisse, EFG Hermes, First Abu Dhabi Bank, Goldman Sachs
Legal Adviser to the Issuer: White & Case, Ibrahim & Partners
Legal Adviser to the JLMs: Clifford Chance

M&A Deal of the Year

ADNOC Refining

Monetization of ADNOC Refining’s waste management assets in Ruwais
Adviser to Seller: Standard Chartered
Seller Name: ADNOC Refining
Acquirer: ADQ, Veolia, Vision Invest

Syndicated Loan Deal of the Year

The Public Investment Fund

USD17bn Senior Unsecured Syndicated Loan
Issued: Nov 2022; Matures: 2029
Bookrunners and MLAs: BofA Securities, BNP Paribas, CA-CIB, Citi, First Abu Dhabi Bank, HSBC, JPMorgan, Mizuho, SMBC
MLAs: ADCB, Agricultural Bank of China, Bank of China, Barclays, Emirates NBD Capital, Goldman Sachs, ICBC, MUFG, NBK, Santander, Standard Chartered, State Bank of India
Lead Arrangers: Credit Suisse, ING, Morgan Stanley, Société Générale
Legal Advisers to the Borrower: Clifford Chance
Legal Advisers to the Bookrunners: Linklaters, Zamakhchary & Co.

Structured Loan Deal of the Year

Neom Green Hydrogen Co. Ltd.

USD5.7bn Neom Green Hydrogen Project Finance Loan
Issued: December 2022; Matures: 6 tranches with maturity ranging from 18 years to 30 years
Bookrunners/MLAs:, ADCB, Alinma Bank, APICORP, Banque Saudi Fransi, BNP Paribas, CA-CIB, DZ Bank AG London, First Abu Dhabi Bank, HSBC, JP Morgan, KFW IPEX- Bank GMBH, Korea Development Bank, Saudi British Bank, Mizuho, MUFG, Natixis, Norinchukin Bank, Riyad Bank, SMBC, Standard Chartered Bank, Saudi National Bank
Global Green Loan Coordinator: Standard Chartered Bank
Legal Adviser to the Borrower: White & Case
Legal Adviser to the JLMs: Allen & Overy
Advisors: ADCB, KFW IPEX-Bank GMbH, Indecs Insurance Consultants, Lazard, L&T Sargent & Lundy, Natixis, RINA, SMBC
Sponsors: ACWA Power, Air Products, NEOM Company

Mid-Cap Debt Deal of the Year

Arada Developments

USD350m 5-Yr Sukuk 8.125%
Issued: May 2022; Matures: May 2027
Bookrunners/JLMs: ADCB, Ajman Bank, Al Rajhi Capital, Dubai Islamic Bank, Emirates NBD Capital, Kamco Investment Company, Mashreq, Sharjah Islamic Bank, Standard Chartered Bank, Warba Bank
Legal Adviser to the Issuer: Allen & Overy, Walkers (Dubai) LLP
Legal Adviser to the JLMs: Clifford Chance

Islamic Syndication of the Year

Al Rajhi Bank and Investment Corporation

USD1.265bn Dual-Tranche Sustainability-Linked Commodity Murabaha Facility
Issued: Sep 2022; Matures: Sep 2025
Initial MLAs, Coordinators and Bookrunners: HSBC, SMBC
Legal Adviser to the Borrower: Hogan Lovells
Legal Advisers to the JLMs: Norton Rose, Mohammed Al-Ghamdi Law Firm

Islamic Structured Finance Deal of the Year

Moove Sukuk Company

USD30m Senior Secured, RegS, Private Placement Sukuk
Issued: February 2023; Matures: 2028
Bookrunners/JLMs: Franklin Templeton
Legal Adviser to the Issuer: White & Case, Walkers (Dubai) LLP
Legal Adviser to the JLMs:, Addleshaw Goddard (Middle East) LLP, Stibbe NV
Advisors: Loyens & Loeff NV, Norton Rose Fulbright, Walkers (Dubai) LLP

Acquisition Finance Deal of the Year

Crystal Port Holding

USD2.9bn Acquisition Financing
Issued: June 2022
Underwriters: Citi, JP Morgan
Coordinating Bookrunner: Citi, Deutsche Bank, Emirates NBD Capital, First Abu Dhabi Bank, JP Morgan, Standard Chartered Bank
Bookrunners/JLMs: Abu Dhabi Commercial Bank, CA-CIB, Export Development Canada (EDC), Scotiabank, Société Générale
Legal Adviser to the Issuer: Allen & Overy
Legal Adviser to the JLMs: Latham & Watkins
Sponsors’ Names: Caisse de dépôt et placement du Québec (CDPQ)

Leveraged Finance Deal of the Year

Advanced Inhalation Rituals

USD525m Acquisition Finance Facility
Issued: November 2022; Matures: November 2027
Bookrunners/JLMs: Commercial Bank of Dubai, Credit Suisse, First Abu Dhabi Bank, Mashreq, Standard Chartered Bank
Legal Adviser to the Borrower: Latham Watkins
Legal Adviser to the JLMs: Clifford Chance

Liability Management Deal of the Year

Sultanate of Oman

USD701.1m Cash Tender Offer via a Modified Dutch Auction Mechanism
Issued: June 2022
Dealer Managers: Citi, Goldman Sachs, HSBC
Legal Adviser to the Dealer Managers: Allen & Overy, AMJ
Legal Adviser to the Issuer: Dechert, MAQ
Obligor / Issuer Name: Sultanate of Oman

Local Currency Bond Deal of the Year

Emirates NBD

AED 1.0bn 3-year Bond
Issued: January 2023; Matures: January 2026
Bookrunners/JLMs: Emirates NBD Capital, HSBC, ICBC (Asia), ICBC Dubai, Mashreq
Legal Adviser to the Issuer: Clifford Chance
Legal Adviser to the JLMs: Linklaters

Infrastructure Finance Deal of the Year

Abu Dhabi Offshore Power Transmission Company

USD3.11bn Project Finance
Issued: September 2022
Bookrunners/JLMs: BNP Paribas, Export-Import Bank of Korea, JBIC, Mizuho, SMBC, Standard Chartered Bank
Legal Adviser to the Issuer: Hadef & Partners
Legal Adviser to the JLMs: Milbank
Sponsors: ADNOC, Electricite De France (EDF) Korea Electric Power Corporation (KEPCO), Kyushu Electric Power Company (Kyushu), TAQA
Lender’s Technical Advisor: Lummus Consultants
Lender’s E&S Advisor: ERM
Lender’s Insurance Advisor: Willis Towers Watson Brokers

Metals & Mining Deal of the Year

Aluminium Bahrain

USD1.7bn Sustainability-Linked Dual Tranche Islamic and Conventional Term Facilities
Issued: 2022; Matures: 2030
Bookrunners/JLMs: Bank ABC, GIB, National Bank of Bahrain
Legal Adviser to the Borrower: Latham & Watkins
Legal Adviser to the JLMs: Allen & Overy

Oil & Gas Deal of the Year

GreenSaif Pipelines Bidco

USD4.5bn 3-tranche Senior Secured Project Bond, Including Sukuk and Formosa Tranches
Issued: February 2023; Matures: 2032, 2038, 2042
Bookrunners/JLMs: ADCB, BNP Paribas, Citigroup, First Abu Dhabi Bank, HSBC, JP Morgan, MUFG Securities, SMBC Nikko Capital Markets
Legal Adviser to the Issuer: Simpson Thacher & Bartlett, Loyens & Loeff Luxembourg, Al Tamimi & Company
Legal Adviser to the JLMs: Milbank, Khoshaim & Associates, Arendt & Medernach
Legal Adviser to the Delegate as to English law: Linklaters
Sponsors: TMS Issuer S.à r.l. GreenSaif Pipelines Bidco S.à r.l., BlackRock Capital Markets
Vendor: Saudi Aramco

Power Finance Deal of the Year

ACWA Power

Marafiq Red Sea for Energy Company, USD1.3bn Senior Secured Project Finance Loan
Issued: February 2022; Matures: 2049
MLAs: APICORP, Al Rajhi Bank, Banque Saudi Fransi, Riyad Bank, The Saudi National Bank, SABB, Standard Chartered Bank
Legal Adviser to the Issuer: Covington & Burling
Legal Adviser to the JLMs: DLA Piper
Sponsors: ACWA Power (50%), SPIC Huanghe Hydropower Development (35%), Saudi Tabreed Cooling Company (15%)

Real Estate Finance Deal of the Year

Nakheel

AED17bn Term Finance Facility
Issued: June 2022; Matures: 2032
Bookrunners/JLMs: Dubai Islamic Bank, Emirates NBD, Mashreq
Legal Adviser to the Issuer: White & Case
Legal Adviser to the JLMs: Allen & Overy

Social Infrastructure Deal of the Year

NEOM Residential Communities

Issued: November 2022, February 2023, April 2023, May 2023; Matures: December 2030
Bookrunners/JLMs: Alinma Bank, Riyad Bank, SABB, Banque Saudi Fransi and Bank Al Jazira
Legal Adviser to the Issuer: Gowling WLG, Nexsoma, Covington, and DLA Piper
Legal Adviser to the JLMs: Bracewell, Pinsent Masons and Allen & Overy
Advisor: Synergy Consulting Infrastructure and Financial Advisory Services, MayCap Advisers, Cranmore Partners and RAM Inc Partners
Sponsor’s Name: Alfanar Company, Tamasuk Holding Company, Nesma Company Limited and Almutlaq

Structured Finance Deal of the Year

GreenSaif Pipelines Bidco

USD15.8bn 2-tranche Senior Secured Loan
Issued: February 2022
Bookrunners/JLMs: ADCB, Agricultural Bank of China, Bank of America, Bank of China, BNP Paribas, China Construction Bank, Citi, CA-CIB, FAB, HSBC, ICBC JPMorgan, Mizuho, MUFG, Natixis, Riyad Bank, Société Générale, Standard Chartered, SMBC
Legal Adviser to the Borrower: Allen & Overy, Simpson Thatcher
Legal Adviser to the JLMs: Clifford Chance
Advisor(tax): Deloitte
Advisor (technical and environmental): DNV
Sponsors: BlackRock Real Assets, Hassana Investment Company
Vendor: Saudi Aramco

Transport Finance Deal of the Year

Etihad Rail

AED1.99b Green Loan Term Facility
Issued: February 2022; Matures: December 2031
Bookrunners/JLMs: First Abu Dhabi Bank
Legal Adviser to the Issuer: Dentons
Legal Adviser to the JLMs: Clifford Chance
Advisor: White & Case (legal counsel to Emirate of Abu Dhabi)
Sponsor’s Name: The Government of Abu Dhabi (represented by The Finance Department of the Government of Abu Dhabi) & The UAE Ministry of Finance

Aircraft Finance Deal of the Year

Air Lease Corporation

USD 600m 144a/RegS Senior Unsecured Sukuk
Issued: March 2023; Matures: April 2028
JLMs/Bookrunners: Al Rayan, Bank ABC, Citi, Deutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, JP Morgan, KFH Capital, Warba Bank
Legal Adviser to the Issuer: Allen & Overy, Walkers (Dubai) LLP
Legal Adviser to the JLMs: Clifford Chance