Deals
CASE STUDY: Financing Royal Jordanian Airline’s big ambitions
Royal Jordanian Airlines’ (RJ) US$275mn dual conventional and Islamic syndicated facility is a testament to the statement ‘timing is everything’. The deal helped RJ restructure its balance sheet following the Arab Spring and soak up regional liquidity at a time of dwindling oil prices.
4 Apr 2016
Belagroprombank hits international markets with loan deal
In a rare move Belarussian FI Belagroprombank has borrowed from the international capital markets. Despite widespread inefficiency amongst many of the country’s companies, which are usually state owned, the bank has been able to tap the markets as it is connected to one of the few industries in Belarus that remains profitable.
1 Apr 2016
CASE STUDY: Nacional Financiera Makes Green Strides
Mexican state-owned development bank Nacional Financiera S.N.C (Nafin) overcame some tough conditions in emerging markets to successfully price and issue the country’s first certified US$500mn Green Bond, paving the way for future issuances in the country.
1 Apr 2016
CASE STUDY: Financing Lima’s First Underground Metro
At a total cost of over $5.6bn, the Lima Metro Line 2 is both Lima’s first underground metro line and the largest securitization to date in Peru's history of RPI-CAOs, the government’s payments rights mechanism.
1 Apr 2016
CASE STUDY: An Islamic Finance First in Côte d’Ivoire
As West Africa’s largest Islamic sovereign bond, the Côte d’Ivoire’s inaugural CAF150bn sukuk helped test the country’s regulatory framework for Islamic issuances and opened the market for significant new investment opportunities in the region.
1 Apr 2016
Aabar Investments inks €3.6bn syndicated loan
Abu Dhabi’s Aabar Investments inked a 5 year senior unsecured €3.6bn loan.
22 Mar 2016
The First True Project-Financed Nigerian IPP Deal
Azura Edo is Nigeria’s first true project-financed independent power plant (IPP) and the first project of its kind in over 20 years, leading to the development of a template that will help open the market to future deals of its kind.
15 Mar 2016
KIPCO taps the market with US$500mn bonds
Kuwaiti projects company KIPCO has again tapped the international capital markets. The company’s financial astuteness has contributed to the popularity of its bond on a global scale, analysts suggest.
11 Mar 2016
Emirates Global Aluminium Forges US$4.9bn Syndicated Loan
Emirates Global Aluminium’s (EGA) US$4.9bn 7-year syndicated facility was executed amidst tightening regional liquidity and emerging market turmoil, but which nevertheless secured aggressive pricing and participation from a wide group of investors.
7 Mar 2016
M&M Financial Services looks to tap local debt market
M&M Financial Services has received high ratings on its proposed debt issuance. The reason for the high ratings is linked to the stability and strong fiscal position of its parent company, Mahindra & Mahindra.
7 Mar 2016