Deals
Top Dealmaker: Natixis’ Helena Radzyminski on Latin America’s Loan Markets
With a slowdown in the bond markets following a jittery 1H2018 for EM and Latin America in particular, loans – especially in local currencies – are coming back into fashion. We speak to Helena Radzyminski, Managing Director, Loan Syndications at Natixis about the bank’s biggest deals over the past year, and strategic initiatives in the region planned for the coming year.
17 Dec 2018
Omantel Treasurer: Increased Funding Costs, IFRS9 to Weigh on Capex-Heavy Sectors in GCC
Omantel, Oman’s majority state-owned telecommunications company, last year completed a USD2.25bn acquisition of shares in Zain Group, a regional competitor. The deal was funded with a bridge loan that was later refinanced with a term loan and the largest corporate bond issued out of the country – a dual-tranche senior secured offering which attracted a wide group of investors from around the…
7 Dec 2018
MEGA in MENA: Large-Scale Infrastructure Pipeline Deepens and Broadens as PPP Rules Gather Pace
The GCC is rarely known for doing anything in half-measures, and infrastructure projects – which have grown in number and size in recent years – are no exception.
4 Dec 2018
Bonds, Loans & Sukuk Middle East Awards: The 2018 Winners
This year’s Bonds, Loans & Sukuk Middle East Awards saw no shortage of firsts as the regions borrowers and finance professionals pushed the boundaries of the possible through new structures and techniques in a range of transactions.
16 Nov 2018
Political Volatility Breaks Wave of M&As in Latin America
The first half of 2018 has seen a record-breaking volume of corporate consolidation across the globe, and Latin America has become a prominent setting for such activity. The latest slowdown in M&A activity is thought to be stemming from the peak of elections-related volatility, from Mexico to Brazil, and most expect business to continue as usual once the dust settles.
15 Nov 2018
Off the Record: Argentina Riding out the Storm
It has been a difficult year for Argentina. With inflation climbing above 40%, the ARS losing over half of its value against the US dollar, and lingering fears remaining following the Notebook scandal, investor confidence has been heavily dampened. But a reform-minded government, coupled with multilateral support, has created a sense that Argentina’s numerous structural deficiencies are beginning…
14 Nov 2018
Beyond 2030: Diversification, Corporate Transformation and Funding in the UAE
The United Arab Emirates among other GCC nations has set its sights on the cultivation of a well-diversified, mature economy built on strong, sustainable, globally-integrated businesses. For many borrowers looking to get in front of the trend, the shift will entail a radical transformation in corporate culture and approach to funding.
13 Nov 2018
CASE STUDY: Turkcell Secures Hat-Trick of Currencies in CDB Loan Refinancing
Turkcell, a leading Turkish phone operator, and the China Development Bank (CDB) signed a multi-jurisdictional loan restructuring facility featuring a rare RMB-denominated tranche in a multi-currency 10-year deal.
6 Nov 2018
CASE STUDY: Unique USD175mn Bond/Loan Hybrid Draws US Long Money to Peru’s Cajamarca Project
With the aid of Natixis, which helped set up the innovative hybrid structure, the Peruvian transmission line project was able to attract long-money foreign investors, including major US pension funds.
24 Oct 2018
The Loan Syndicator: HSBC’s Monica Macia Talks Loan Market Dynamics in the Americas
With an election almost every couple of months in the Americas, it seems 2018 is shaping up to be one of the most politically volatile periods the region has seen in over a decade. Coupled with the increasing de-synchronisation of regional growth and rising prevalence of macroeconomic and political factors globally, how borrowers satisfy their funding requirements through the remainder of the…
11 Oct 2018