CEEMEA
CASE STUDY: Cameroon’s XAF165bn Bond Paves the Way for Fresh Project Investment
Cameroon, a leading economy in the Central African Economic and Monetary Community (CEMAC), successfully issued a XAF165mn bond in the local markets in October 2016, a deal that saw aggressive pricing attract strong regional liquidity.
31 Mar 2017
CASE STUDY: KNPC Scores Largest Dual-Tranche Syndicate Loan in Kuwait to Date
The deal was the largest ever syndicated Kuwaiti Dinar financing in the country. NBK acted as Coordinator, Initial Mandated Lead Arranger and Global Facility Agent for the KWD710mn KNPC Conventional Facility and KWD490mn Murabaha Islamic Facility for the Clean Fuels Project.
30 Mar 2017
CASE STUDY: MTN Comes Back from Downgrade to Price at Tight End on US$1bn Bond
African telecoms giant MTN Group overcame bearish sentiment precipitated by last September’s Nigerian sovereign downgrade, along with that of its Nigerian subsidiary, to successfully price a US$1bn dual-tranche bond at the tight end of guidance.
27 Mar 2017
CASE STUDY: Nedbank Pioneers AT1 Instruments in South Africa
Nedbank successfully priced South Africa’s first Tier 1 capital Basel III-compliant securities in 2016, setting the stage for future issuances ahead of the regulatory framework’s introduction in the country over the next year.
23 Mar 2017
CASE STUDY: Tofas Drives International Appetite for €200mn ECA-Backed Facility
Tofas Turk Otomobil Fabrikasi A.S. secured a €200mn ECA-back term loan facility against a backdrop of increasing emerging market volatility. The deal was critical for the development of the country’s automotive industry, and helped Tofas Turk finance the development of two new car models.
9 Mar 2017
CASE STUDY: IC Construction Group Lays Groundwork for IPO with Project Finance Facility
IC İçtaş Enerji Yatırım Holding A.Ş. was able to utilise its close relationship with banks to rapidly close one of Turkey’s largest project finance loans of the year. The size of the project and the acquisition of two new HEPPs from the privatisation authority also managed to attract a larger group of lenders to the transaction.
8 Mar 2017
CASE STUDY: Crescent Capital Cleans Up with Well-Structured Acquisition Finance Facility
Crescent Capital was able to secure a unique project finance facility within the Turkish markets with a mezzanine facility structured as a Murabaha commodity purchase tranche, achieving a long tenor, an uncommon feature in this market, and structured as a true non-recourse facility.
7 Mar 2017
CASE STUDY: İstanbul New Airport Lands €4.5bn Project Finance Loan
İGA Havalimanı İşletmesi A.Ş set out to secure up to €4.5bn in a bid to build Turkey’s largest mega-project, a new airport in Istanbul that is set to become the world’s largest once complete, and achieved its key objective of structuring the deal with lender-friendly terms.
6 Mar 2017
CASE STUDY: Demand for Nigerian Eurobond Swells, Repricing Secondary Curve
The Federal Republic of Nigeria managed to aggressively price an oversubscribed US$1bn 15-year trade against a backdrop of significant political and economic volatility, a sign that investor confidence is slowly returning to the African sovereign.
6 Mar 2017
CASE STUDY: Galataport Secures €1.2bn to Finance Landmark Istanbul Development
Salıpazarı Liman İşletmeciliği ve Yatırımları A.Ş, a joint venture between BLG Gayrimenkul Yatırımları ve Ticaret A.Ş. and Doğuş Holding A.Ş, secured a 14-year €1.2bn project finance facility just one month after the Turkish coup attempt and without any guarantees from the Turkish government.
2 Mar 2017