Middle East
CASE STUDY: Mazoon Launches USD500mn Sukuk to Finance Lamar II Project
The Omani electricity company SPV placed the first ever corporate sukuk from the country with an elegant legal structure that helped navigate regulatory obstacles.
29 Aug 2018
MLP Care CFO: Smart Balance Sheet Management Key to Finding Borrowing Windows in Turkey
Turkey’s healthcare industry has moved forward leaps and bounds since the government overhauled the sector in 2003, and the present currency dynamics coupled with high external savings rates and a huge concentration of domestic medical expertise has translated more recently into a health tourism boom – a bright beacon floating in troubled waters. Bonds & Loans speaks with Burcu Öztürk, CFO of MLP…
23 Aug 2018
Interview: Sharjah DMO Director on the Building Boom in UAE, ECA Financing and PPPs
With trade wars and geopolitics-related volatilities engulfing global markets, the GCC finds itself in an unusual role of a relative safe-haven, insulated from the tremors by strong growth and a high oil price. We speak to Tom Koczwara, Director of the Government of Sharjah’s Debt Management Office, about prospects and challenges facing the Emirate.
9 Aug 2018
CASE STUDY: Emirate of Sharjah Brings Rare RMB2bn Panda to Middle East Market
The trailblazing issuance by the state government could open doors to China’s onshore market to other Middle East issuers as part of the “Bond Connect” initiative.
2 Aug 2018
Turkey: What does the Financial Stability Report Tells Us?
The Central Bank of Turkey recently published its financial stability report and it tells us a lot about the economic risks and opportunities moving forward more broadly. Manulife analyst Richard Segal provides a digest of the report and assesses the implications for Turkey’s economy.
27 Jul 2018
Turkey’s Post-Election Challenge: Keeping Monetary and Fiscal Policy in Sync
With a landmark national election in Turkey now having come to pass, we speak with Naz Masraff, Director for Europe at Eurasia Group, a leading political risk consultancy, about the policy mix needed to lift the country out of a tough economic situation.
13 Jul 2018
EM Bond Outlook: Better 2H 2018 Expected
It has been a tough start to the year for emerging market bonds, but things are looking up as we head into 2H 2018 – you just need to know where to look.
12 Jul 2018
CASE STUDY: Dubai Aerospace Gets Lift-Off on USD480mn Dual-Tranche Murabaha RCF
Dubai Aerospace Enterprise (DAE) has signed a landmark unsecured four-year dual-tranche revolving credit facility with an initial commitment of USD480mn and an accordion feature that allows the facility to be increased to up to USD800mn. The deal was one of the largest conventional/Islamic transactions in the region.
11 Jul 2018
GCC Bonds: Is the Worst Behind Us?
In line with our expectations at the beginning of the year, YTD total return on Barclays Bloomberg GCC index has been a loss of 2.67%, almost entirely attributed to the increase in benchmark UST yields.
9 Jul 2018
Rajat Sapra, Bank ABC Goes Sector-by-Sector on GCC Debt Capital Markets Pipeline
Rajat Sapra, Group Head, Capital Markets at Bank ABC sat down with Bonds & Loans at the Bonds, Loans & Sukuk 2018 conference in Dubai to go sector-by-sector on the key drivers for new issuance in the GCC through the remainder of this year, and dispel myths surrounding the impact of rising interest rates on borrowers
5 Jul 2018