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CASE STUDY: NBAD Blazes a Trail with First MENA Green Bond

UAE-based lender National Bank of Abu Dhabi (NBAD) broke new ground by becoming the first MENA issuer to tap the green finance markets with a debut US$587mn 5-year green bond. The deal marked the largest size and tightest spread for an FI green issuance across the emerging market space, excluding China.

17 May 2017

Drought Fears Ease, but East African Countries Could Struggle to Restore Growth

Record-setting droughts in East African economies have caused food and – in some cases – power prices to rise dramatically, putting a damper on the region’s economy. But with the growth outlook moderating in the region’s largest economies, analysts are turning their attention to the steep drop in private sector credit growth, raising questions about whether this could prolong the lag. Furthering…

15 May 2017

CASE STUDY: Kuwait US$8bn Debut Marks Largest Dual Tranche Bond in Emerging Markets

Kuwait maintained GCC sovereign mega-bond momentum, tapping the markets for an aggregate of US$8bn in the biggest ever EM dual-tranche issuance. Kuwait’s debut on global debt capital markets marks the biggest CEEMEA transaction this year to date.

9 May 2017

CASE STUDY: Saudi Sets Islamic Finance Benchmark with Record US$9bn Sukuk

After wowing the markets with its landmark US$17.5bn sovereign bond, the KSA repeated the trick on the Islamic finance side, issuing the largest sukuk in history and pricing effectively flat to the conventional sovereign curve.

3 May 2017

CASE STUDY: Etihad Lands Largest Sukuk Debut in MENA Aviation History

UAE-based airline Etihad Airways tapped the Islamic finance market with the largest ever sukuk issuance in the MENA region’s aviation history to date, an impressive debut.

2 May 2017

CASE STUDY: EQUATE Breaks Barriers for GCC Corporate Issuers with US$500mn Debut Sukuk

EQUATE Petrochemicals made its debuted in the international Islamic markets with a US$500mn hybrid Ijara/Murabaha sukuk issuance – the first such deal for a Kuwaiti corporate. A more than 7x oversubscription rate provides a new boost to EQUATE’s success story as it looks to fulfil its US$2bn sukuk programme.

26 Apr 2017

CASE STUDY: BOAD Makes Largest Bond Debut of Any West African DFI

The Banque Ouest Africain de Développement (BOAD) priced an upsized US$750mn 5-year trade to make one of the largest capital markets debuts for any West African development financial institution, paving a path for other issuers in the region.

20 Apr 2017

CASE STUDY: Yinson Debuts Largest Murabaha FPSO Financing in Africa to Date

Yinson Holdings Bhd’s wholly-owned subsidiary, Yinson Production (West Africa) Pte Ltd successfully converted conventional debt into a sharia-compliant format through the company’s maiden Islamic transaction, the proceeds of which were used to finance the conversion of existing facilities into a floating production, storage and offloading unit (FPSO).

18 Apr 2017

CASE STUDY: Norilsk Nickel Digs Up US$1bn in Loan Participation Notes

Leading miner Norilsk Nickel spotted a window of relative calm in global markets to sell US$1bn in 6-year senior loan participation notes, enabling the company to extend its maturity profile and capture strong investment appetite from eastern lenders.

12 Apr 2017

Oman Shipping Company CFO Charts Course for Successful Financial Management During a Downturn

Managing the financing strategy of a large commodity-linked enterprise like Oman Shipping Company is challenging enough during the best of times. We speak with Venugopal Venkatesh, CFO at Oman Shipping Company about one of the company’s recent landmark transactions, and about how he would advise other CFOs managing their treasury strategies during an economic downturn.

7 Apr 2017

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