Syndicated Loan Deal of the Year:
Bahrain Steel
June 2016
US$400,000,000
Fully underwritten 7-year Syndicated Term Loan and Revolving Credit Facilities due in June 2023
- Global Coordinators, Bookrunners and Structuring Banks: Bank ABC, Mashreq, HSBC,
- Mandated Lead Arrangers: Al Khalij Commercial Bank (al khaliji), BNP Paribas
- Lead Arrangers: State Bank of India, Doha Bank, Ahli Bank of Kuwait, IDBI Bank, Arab Bank
- Legal Advisor to Borrower: Baker & McKenzie
- Legal Advisor to Joint Lead Managers: Norton Rose
Banque Misr
December 2015
US$250,000,000
Syndicated Term Loan Facility due in December 2018
- Global Coordinator, Mandated Lead Arranger & Security Agent: Bank ABC
- Mandated Lead Arrangers: EmiratesNBD, HSBC, Mashreq, Union National Bank, al khaliji,
- Lead Arrangers: United Bank Limited, Blom Bank Egypt, Standard Chartered Bank, DIFC, Banque Marocaine du Commerce Exterieur International
- Legal Advisor to Borrower: Banque Misr In-house Counsel
- Legal Advisor to Joint Lead Managers: Dentons
EQUATE
December 2015
US$6,000,000,000
Conventional and Islamic dual-tranche Acquisition Bridge Loan due in December 2016
- Sponsors: Dow Chemicals, PIC Kuwait
- Mandated Lead Arranger & Financial Advisor: Citi
- Mandated Lead Arrangers: JP Morgan, HSBC, NBK, KFH
- Legal Advisor to Borrower: Latham & Watkins
- Legal Advisor to Joint Lead Manager: Linklaters
Syndicated Loan Deal of the Year by a Debut Borrower:
Electricity Holding Company
Mazoon, Majan, Dhofar
September 2015, April 2016, June 2016
US$1,213,780,000 (Dhofar: $260,000,000 / Majan: $330,000,000/ Mazoon: $623,780,000)
Multi-tranche syndicated loan due in 2026
- Mandated Lead Arrangers: JP Morgan, Bank Muscat Investment Banking
- Participating Banks for Majan Electricity, Mazoon Electricity & Dhofar Power: Arab Banking Corporation, Arab Petroleum Investments Corporation, Abu Dhabi Commercial Bank, Ahli United Bank, Ahli Bank Oman, Export Development Canada
- Participating Banks for Majan Electricity & Mazoon Electricity: National Commercial Bank
- Participating Banks for Mazoon Electricity & Dhofar Power: Bank Dhofar, Qatar National Bank
- Participating Banks for Majan Electricity & Dhofar Power: Industrial & Commercial Bank of China, Union National Bank, Bank of Bahrain and Kuwait
- Participating Banks for Majan Electricity: Bank of China, Al Khaliji Commercial Bank
- Participating Banks for Mazoon Electricity: Bank Sohar, Gulf International Bank, First Gulf Bank, National Bank of Kuwait, MUFG, Oman Arab Bank, Bank Muscat
- Participating Banks for Dhofar Power: Arab Bank, Europe Arab Bank, NBAD
- Financial Model Auditor: KPMG
- Legal Advisor to Borrower: Dentons
- Legal Advisor to Joint Lead Managers: Latham & Watkins, Al Busaidy, Mansoor Jamal & Co
Emirates Global Aluminium
February 2016
US$4,900,000,000
Fully Underwritten and Syndicated Term Loan due in December 2022
- Underwriters and Bookrunners: Citi, ING, BNP Paribas, Natixis, National Bank of Abu Dhabi, Emirates NBD, Dubai Islamic Bank, Export Development Canada
- Mandated Lead Arrangers: FGB, Kuwait Finance House, APICORP, Mashreq
- Participating Banks: Intesa San Paolo IMI, ABN Amro, Societe Generale, Arab Bank, International Bank of Qatar, National Commercial Bank
- Legal Advisor to Borrower: Allen & Overy
- Legal Advisor to Joint Lead Managers: Clifford Chance
Taghleef
May 2016
EUR €355,000,000
Dual-currency, triple-tranche conventional Term Loan B and revolving credit facility due in May 2023
- Global Coordinator & Bookrunner: Credit Suisse
- Mandated Lead Arrangers & Bookrunners: Barclays, HSBC, Rabobank
- Mandated Lead Arrangers: Banca Monte Dei Paschi Di Siena, BBVA
- Lead Arranger: Unicredit
- Security Agent: Wilmington Trust
- Financial Advisor: Perella Weinberg
- Legal Advisor to Borrower: Gibson Dunn
- Legal Advisor to Joint Lead Managers: Latham & Watkins
Local Currency Deal of the Year:
National Bank of Kuwait
November 2015
KWD125,000,000
4.750% Subordinated Tier II Basel III-compliant 10NC5 Bonds due in November 2025
- Mandated Lead Arrangers: NBK Capital, KAMCO
- Security Agent: Kuwait Clearing Company
- Legal Advisor: Al Ruwayeh & Partners (ASAR)
Network International (ENBD/GA/WP)
May 2016
AED606,000,000, US$ 155,000,000,000, AED110,000,000
Dual Currency, Multi-Tranche Financing Facility for Acquisition of Emerging Markets Payments Group (EMP) due in May 2022
- Sponsors: Emirates NDB, Warburg Pincus, General Atlantic
- Sole Coordinator & Sole Underwriter: Citi
- Mandated Lead Arrangers: ADCB, Arab Bank, Commercial Bank International, CBQ, FGB, Noor Bank, Union National Bank
- Legal Advisor to Borrower: Freshfields
- Legal Advisor to Joint Lead Managers: Latham & Watkins
Sultanate of Oman
November 2015
OMR 250,000,000
3.500% Sukuk due in November 2020
- Mandated Lead Arrangers: Standard Chartered Bank, Bank Muscat
- Shari’ah Advisor: Meethaq
- Legal Advisors to Obligor: Linklaters
- Legal Advisor to Issuer: Trowers & Hamlins
- Legal Advisors to Joint Lead Managers: Allen & Overy, AlBusaidy, Mansoor Jamal & Co
Trade & Export Finance Deal of the Year
Egyptian Electricity Holding Company ("EEHC")
March 2016
€3,527,057,007
ECA-financing for 3x4,800 CCPP at Beni Suef, Burullus and New Capital due in March 2031
- ECA: Euler Hermes
- EPC Contractors: Siemens AG, Orascom Construction, El Sewedy Electric
- Coordinating Initial Mandated Lead Arranger, Coordinating Bookrunner and Environmental Bank: Deutsche Bank
- Coordinating Initial Mandated Lead Arranger, Documentation Bank and Environmental Bank: HSBC
- Coordinating Initial Mandated Lead Arranger and Facility Agent: KfW IPEX-Bank
- Mandated Lead Arrangers: Banco Santander, Commerzbank, Crédit Agricole, ING Bank, JP Morgan, LBBW, Société Générale, UniCredit
- Lead Arrangers: AKA Ausfuhrkredit, Bayern LB, BNP Paribas, DZ Bank, Helaba
- Arranger: IKB Deutsche Industriebank
- Legal Advisors for Joint Lead Managers: Allen & Overy, Zaki Hashem
Landmark Retail
July 2015
US$131,000,000
ECA-backed Financing Facility due in 2028
- ECA: Euler Hermes
- Mandated Lead arranger: HSBC
- Legal Advisor for Borrower: Landmark Retail In-House Legal Team
- Legal Advisor for Joint Lead Managers: Dentons
Petroleum Development Oman
June 2016
US$4,000,000,000
Senior Secured Pre-Export Finance Term Loan Facility due in June 2021
- Sponsors: MOF Oman, Ministry of Oil & Gas
- International Financial Advisor, Mandated Lead Arranger and Bookrunner: HSBC
- Initial Mandated Lead Arrangers and Bookrunners: Bank of China, ING, Intesa SanPaolo IMI, JPMorgan, National Bank of Abu Dhabi, Natixis, Societe Generale, Standard Chartered Bank, SMBC
- Legal Advisor to Borrower: Allen & Overy
- Legal Advisors to Joint Lead Managers: Dentons, Herbert Smith Freehills, Nauta Dutilh
Project Finance Deal of the Year:
Ad-Dhahirah Generating Company & Shinas Generating Company
June 2016
US$1,375,000,000
Ibri/Sohar3 IPP Limited Recourse Project Finance due in June 2033
- Concessionaire: Oman Power and Water Procurement Company (OPWP)
- Sponsors: Mitsui & Co, ACWA Power, Dhofar International Development and Investment Holding Corporation (DIDIC)
- Mandated Lead Arranger & Security Agent for Ibri: BNP Paribas
- Mandated Lead Arranger & Security Agent for Sohar 3: MUFG
- Mandated Lead Arrangers: Bank Muscat, Bank Dhofar, KfW IPEX-Bank, Mizuho Bank, MUFG, Standard Chartered Bank, SMBC, Sumitomo Mitsui Trust Bank
- Technical Advisor: Poyry
- Environmental Advisor: 5 Capitals
- Model Auditor: BDO
- Broker: Marsh
- Lender Insurance Advisor: Indecs
- Legal Advisors to Borrower: Allen & Overy, Trowers & Hamlins,
- Legal Advisors to Joint Lead Managers: Shearman & Sterling, Al Busaidy Mansoor
Liwa Plastics (Orpic Plastics)
January 2016
US$6,400,000,000
Multi-Tranche Project Financing Facility due in 2032
- ECAs: UKEF, KEXIM, Atradius, SACE, Hermes
- Mandated Lead Arrangers: Bank ABC, Bank Dhofar, Bank Muscat, MUFG, BNP Paribas, Cassa depositi e prestiti spa, Credit Industriel et Commercial, Credit Agricole, Export Development Canada, HSBC, ING, JPMorgan, KfW IPEX-Bank, The Korea Development Bank, Natixis, National Commercial Bank, Societe Generale, SMBC, UniCredit,
- Technical & Market Advisor: Nexant
- Insurance Advisor: JLT
- Legal Advisor to Borrower: Allen & Overy
- Legal Advisor to Joint Lead Managers: White & Case, Dentons, Al Busaidy, Mansoor Jamal & Co
Six Flags Dubai
February 2016
AED 993,000,000
Multi-Tranche Structured Project Financing Facility due in June 2027
- Sponsor: Dubai Parks & Resorts
- Mandated Lead Arranger & Security Agent: ADCB,
- Mandated Lead Arranger & Investment Agent: Dubai Islamic Bank
- Mandated Lead Arranger: Sharjah Islamic Bank
- Legal Advisor to Issuer: Allen & Overy
- Legal Advisor to Joint Lead Managers: Linklaters
Structured Finance Deal of the Year:
Alia - The Royal Jordanian Airlines
December 2015
US$ 275,000,000
Syndicated Conventional /Shari’ah compliant Senior Secured Term Loan Facility due in December 2020
- Global Coordinator, Mandated Lead Arranger & Bookrunner: Mashreq
- Mandated Lead Arrangers: al khaliji, Arab Bank, Dubai Islamic Bank, CBQ,
- Lead Arrangers: Bank al-Etihad, Arab Jordan Investment Bank
- Legal Advisor to Borrower: The Law Office of Hani Kurdi
- Legal Advisor to Joint Lead Managers: Dentons
Six Flags Dubai
February 2016
AED 993,000,000
Multi-Tranche Structured Project Financing Facility due in June 2027
- Sponsor: Dubai Parks & Resorts
- Mandated Lead Arranger & Security Agent: ADCB,
- Mandated Lead Arranger & Investment Agent: Dubai Islamic Bank,
- Mandated Lead Arranger: Sharjah Islamic Bank
- Legal Advisor to Borrower: Allen & Overy
- Legal Advisor to Joint Lead Managers: Linklaters
Warburg Pincus/General Atlantic (WP/GA IV)
December 2015
AED551,000,000 and US$125,000,000
Syndicated Acquisition Financing Facility due in May 2021
- Mandated Lead Arrangers, Underwriters & Bookrunners: Citi, Commercial Bank International, FGB
- Legal Advisor to Borrower: Freshfields
- Legal Advisor to Joint Lead Managers: Latham & Watkins
Sovereign/Quasi-Sovereign Financing Deal of the Year:
Islamic Corporation for the Development of the Private Sector (ICD)
April 2016
US$300,000,000
2.468% Trust Certificates due in April 2021
- Bookrunners: Bank ABC, Boubyan Bank, CIMB, Dubai Islamic Bank, EmiratesNBD, FGB, HSBC, Noor Bank, Warba Capital, Mizuho, Societe Generale CIB, Standard Chartered Bank
- Legal Advisor to Obligor: Norton Rose
- Legal Advisor to the Issuer: Walkers
- Legal Advisor to Joint Lead Managers: Dentons
State of Qatar
May 2016
US$9,000,000,000
2.375%, 3.250% and 4.625% Triple tranche Bond Offering due in June 2021, June 2026 and June 2046
- Global Coordinators: JPMorgan, HSBC, MUFG, QNB Capital
- Bookrunners: Al Khalij Commercial Bank (al khaliji), Barclays, Bank of America Merrill Lynch, Deutsche Bank, Mizuho Securities, SMBC Nikko
- Legal Advisor to Issuer: White & Case
- Legal Advisor to Joint Lead Managers: Skadden
Sultanate of Oman
June 2016
US$2,500,000,000
3.625% and 4.750% Dual Tranche Bond Offering due in June 2021 and June 2026
- Mandated Lead Arrangers: Citi, JPMorgan, MUFG, National Bank of Abu Dhabi, Natixis
- Financial Advisor: Lazard
- Legal Advisor to Issuer: Clifford Chance, AlBusaidy, Mansoor Jamal & Co
- Legal Advisor to Joint Lead Managers: Linklaters, Dentons
Private Sector Financing Deal of the Year
Bahrain Steel
June 2016
US$400,000,000
Fully Underwritten and Syndicated dual tranche Term Loan and Revolving Credit Facilities due in June 2023
- Global Coordinators, Bookrunners & Structuring Banks: Bank ABC, HSBC, Mashreq
- Mandated Lead Arrangers: Al Khaliji Commercial Bank (al khaliji), BNP Paribas
- Lead Arrangers: State Bank of India, Doha Bank, Ahli Bank of Kuwait, IDBI Bank, Arab Bank
- Legal Advisor to Borrower: Baker & McKenzie
- Legal Advisor to Joint Lead Managers: Norton Rose
Ezdan Holding Group
May 2016
US$500,000,000
4.375% Trust Certificates due May 2021
- Global Coordinators & Bookrunners: HSBC, Mashreq
- Bookrunners: Abu Dhabi Islamic Bank, Barwa Bank, EmiratesNBD, Qatar First Bank, Qinvest
- Legal Advisor to Obligor: Allen & Overy
- Legal Advisor to Issuer: Maples & Calder
- Legal Advisor to Joint Lead Managers: Linklaters
OSN
August 2015
US$400,000,000
Dual tranche Syndicated Term Loan and Revolving Credit Facility due in August 2020
- Global Coordinators, Bookrunners & Structuring Banks: Barclays, BNP Paribas, Mashreq
- Mandated Lead Arrangers: Citi, Commercial Bank of Dubai, FGB, HSBC, National Bank of Kuwait, Societe Generale,
- Lead Arrangers: Credit Suisse, JPMorgan
- Legal Advisor to Borrower: Gibson Dunn
- Legal Advisor to Joint Lead Managers: Clifford Chance
Financial Institution Financing Deal of the Year
Bank of Bahrain and Kuwait (BBK)
May 2016
BHD100,000,000
8.250% Perpetual Subordinated Contingent Convertible Additional Tier 1 Bond
- Mandated Lead Arranger: SICO Investment Bank
- Auditors: Ernst & Young
- Calculation Agent & Receiving Bank: BBK
- Legal Advisors: Trowers & Hamlins, Elham Ali Hassan & Associates
Boubyan Bank
May 2016
US$250,000,000
6.750% Perpetual Non-Call5 Additional Tier 1 Sukuk
- Global Coordinators: Boubyan Capital, HSBC, Standard Chartered
- Lead Arrangers: Dubai Islamic Bank, EmiratesNBD, KFH Capital, National Bank of Kuwait
- Legal Advisor to Obligor: Dentons
- Legal Advisor to Issuer: Maples
- Legal Advisor to Joint Lead Managers: Allen & Overy
Emirates Islamic Bank
May 2016
US$750,000,000
3.542% Trust Certificates due in May 2021
- Global Coordinators & Mandated Lead Arrangers: Emirates Islamic Bank, Standard Chartered
- Mandated Lead Arrangers: Al Hilal, Bank ABC, Dubai Islamic Bank, Emirates NBD, HSBC, Maybank, Noor Bank
- Legal Advisor to Obligor: Clifford Chance
- Legal Advisor to Issuer: Turners
- Legal Advisor to Joint Lead Managers: Allen & Overy
Sub-Investment Grade Bond/Sukuk Deal of the Year:
Kingdom of Bahrain
February 2016
US$600,000,000
5.875% and 8.700% Dual-tranche tap due in January 2021 and January 2026
- Bookrunners: Bank ABC, BNP Paribas, Citi, HSBC, JPMorgan
- Legal Advisors to Issuer: Baker & McKenzie
- Legal Advisor to Joint Lead Managers: Allen & Overy
National Bank of Oman
November 2015
US$300,000,000
7.875% Perpetual Non-Call 5 Additional Tier 1 Bond
- Global Coordinators & Bookrunners: National Bank of Abu Dhabi, Standard Chartered Bank
- Bookrunners: Bank of America Merrill Lynch, Citi, Credit Agricole, National Bank of Oman
- Legal Advisor to Issuer: Dentons
- Legal Advisors to Joint Lead Managers: Clifford Chance, AlBusaidy, Mansoor Jamal & Co
Noor Bank
May 2016
US$500,000,000
6.25% Perpetual Non-Call 5 Additional Tier 1 Sukuk
- Global Coordinators & Mandated Lead Arrangers: Citi, Standard Chartered Bank
- Mandated Lead Arrangers & Bookrunners: Dubai Islamic, EmiratesNBD, FGB, Noor Bank, Sharjah Islamic Bank
- Lead Arrangers: Ajman Bank, UNB
- Legal Advisor to Issuer: Maples & Calder
- Legal Advisor to Obligor: Allen & Overy
- Legal Advisor to Joint Lead Managers: Latham & Watkins
Bond/Sukuk Deal of the Year by a Debut Issuer:
Boubyan Bank
May 2016
US$250,000,000
6.750% Perpetual Non-Call 5 Additional Tier 1 Sukuk
- Global Coordinators: Boubyan Capital, HSBC, Standard Chartered
- Lead Arrangers: Dubai Islamic Bank, EmiratesNBD, KFH Capital, National Bank of Kuwait
- Legal Advisor to Obligor: Dentons
- Legal Advisor to Issuer: Maples
- Legal Advisor to Joint Lead Managers: Allen & Overy
Ezdan Holding Group
May 2016
US$500,000,000
4.375% Trust Certificates due in May 2021
- Global Coordinators: HSBC, Mashreq
- Bookrunners: Abu Dhabi Islamic Bank, Barwa Bank, EmiratesNBD, Qatar First Bank, Qinvest,
- Legal Advisor to Obligor: Allen & Overy
- Legal Advisor to Issuer: Maples & Calder
- Legal Advisor to Joint Lead Managers: Linklaters
Sultanate of Oman
November 2015
OMR 250,000,000
3.500% Sukuk due in November 2020
- Mandated Lead Arrangers: Standard Chartered Bank, Bank Muscat
- Shari’ah Advisor: Meethaq
- Legal Advisors to Obligor: Linklaters
- Legal Advisor to Issuer: Trowers & Hamlins
- Legal Advisors to Joint Lead Managers: Allen & Overy, AlBusaidy, Mansoor Jamal & Co
Investment Grade Bond/Sukuk Deal of the Year
DP World
May 2016
US$1,200,000,000
3.908% Senior Unsecured Sukuk Certificates due in May 2023
- Mandated Lead Arrangers: Barclays, Citi, Deutsche Bank, Dubai Islamic Bank, EmiratesNBD, FGB, HSBC, JPMorgan, National Bank of Abu Dhabi, Societe Generale
- Lead Arrangers: Noor Bank, Samba Financial Group, UNB
- Legal Advisor to Obligor: Clifford Chance
- Legal Advisor to Issuer: Conyers Dill & Pearman
- Legal Advisor to Joint Lead Managers: Linklaters
Sultanate of Oman
June 2016
US$2,500,000,000
3.625% and 4.750% Dual Tranche Bond Offering due in June 2021 and June 2026
- Bookrunners: Citi, JPMorgan, MUFG, National Bank of Abu Dhabi, Natixis
- Legal Advisor to Issuer: Clifford Chance, AlBusaidy, Mansoor Jamal & Co
- Legal Advisor to Joint Lead Managers: Linklaters, Dentons
TAQA
June 2016
US$1,000,000,000
3.625% and 4.375% Dual-Tranche Bond Offering due in June 2021 and June 2026
- Bookrunners: BNP Paribas, Citi, FGB, HSBC, National Bank of Abu Dhabi, Societe Generale
- Legal Advisor to Issuer: Allen & Overy,
- Legal Advisor to Joint Lead Managers: Linklaters
If you are interested in booking a table at the Bonds, Loans & Sukuk Middle East Awards in Dubai, or raising the profile of your deal or institution during or after the event, please contact Aveen Prasad on [email protected]
