8th June 2021
Madinat Jumeirah
Past winners
BONDS, LOANS & SUKUK MIDDLE EAST AWARDS 2017
Project Finance Deal of Year
Airport Financing Company FZE (Investment Corporation of Dubai, Dubai Department of Finance, Dubai Aviation City Corporation) US$3bn conventional and Islamic Facilities (May 2017) due Dec 2023)
ADCB, ADIB, Citi, Dubai Islamic Bank, First Abu Dhabi Bank, Noor Bank, Banca IMI, Bank of China, ICBC, JPMorgan, Standard Chartered
Allen & Overy, Linklaters
Islamic Capital Markets Deal:
The Kingdom of Saudi Arabia US$9.0bn dual tranche Sukuk (Apr 2017) due in Apr 2022 and Apr 2027
2.894 & 3.628%
Citi, HSBC, JP Morgan, BNP Paribas, Deutsche Bank, NCB Capital
Latham & Watkins, Law Office of Salman Al-Sudairi in association with Latham & Watkins
White & Case, White & Case LLP in association with the Law Firm of Al Salloum and Al Toami
Syndicated Loan Deal of the Year:
Aluminium Bahrain US$ 882m Conventional Credit Facility and US$618m Ijara Facility (Sep 2016) due in Sep 2023
GIB, JPMorgan, National Bank of Bahrain, Standard Chartered, Bank ABC, Ahli United Bank, BBK, Credit Agricole, Riyad Bank, First Abu Dhabi Bank
Latham & Watkins, Allen & Overy
Syndicated Loan Deal of the Year by a Debut Borrower
Oman Investment Fund $600m Conventional & Islamic Acquisition Facility for purchase of 51% of Omantel (Apr 2017) due Apr 2022
Citi, Banca IMI/Intesa Sanpaolo, Kuwait Finance House, First Abu Dhabi Bank, Bank of China, ICBC, Korea Development Bank, Mashreq, National Bank of Bahrain, Qatar Islamic Bank, Commercial Bank (Qatar)
DLA Piper, Walkers, Clifford Chance, Al Busaidy Mansoor Jamal
Local Currency Bond:
Saudi Arabian Oil Company (Saudi Aramco) SAR 11.25 bn sukuk (Apr 2017) due in Apr 2024
6 month SAIBOR + 0.25%
Alinma, HSBC, NCB Capital, Riyad Capital, GIB Capital, Samba Capital, Saudi Fransi Capital
White & Case, Law Firm of Al Salloum and AlToaimi in association with White & Case LLP
Allen & Overy, Khoshaim & Associates in cooperation with Allen & Overy LLP
Local Currency Loan
Tabreed (National Central Cooling Company PJSC) AED 1513m Club Term Loan (July 2017) due in June 2027
ADIB, ADCB, Mashreq
Allen & Overy, Winston
Private Sector Bond
Dar Al-Arkan Real Estate Development Company $500m Sukuk (Apr 2017) due Apr 2022
6.875%
Dubai Islamic Bank, Alkhair Capital, Deutsche Bank, Emirates NBD, Goldman Sachs, Noor Bank, Qinvest
Latham & Watkins, Law Office of Salman M. Al-Sudairi
Allen & Overy, Khoshaim & Associates
Private Sector Loan
Ahalia Group US$420m dual-tranche AED/USD Loan (Mar 2017) due in Mar 2022
ADCB, First Abu Dhabi Bank, Emirates NBD, State Bank of India, Doha Bank, ICICI Bank
Dentons & Co.
Al Tamimi
Award for Ground-Breaking Deal of the Year as selected by the Bonds & Loans Editorial Team is:
- National Bank of Abu Dhabi’s
- US$587m Green Bond
Real Estate Finance:
World of Wonders (Mapa, Gunal – MNG Group) US$750m multi-tranche USD/AED loan and Islamic facility (Dec 2016) due in Dec 2022
ADCB, Credit Europe Bank, Noor, Bank of China
Hogan Lovells
Dentons & Co
Trade & Export Finance Deal of Year
Kuwait National Petroleum Company (KNPC) $14.6bn ECA-backed facility (May 2017) due in 2025 (1 ECA) and 2029 (6 ECAs)
JBIC, NEXI, KSURE, KEXIM, UKEF, Atradius, SACE
HSBC, MUFG, SMBC, BNP Paribas, Credit Agricole, BBVA, Societe Generale, Santander, Mizuho, Standard Chartered
NBK Capital
Clifford Chance, Al Tamimi, Latham & Watkins, Freshfields, ASAR
Structured Finance Deal of the Year
ACWA Power Management and Investments One (ACWA Power Management and Investments One Ltd, ACWA Power Projects, NOMAC KSA) $814m Bond (May 2017) due in Dec 2039
5.95% (22 years)
Citi, Jefferies, CCB Singapore, Mizuho, NCB Capital, Standard Chartered Bank, MUFG, SMBC Nikko
Shearman & Sterling
Chadbourne & Parke
Hatem Abbas Ghazzawi & Co, Al Tamimi & Company, Dr. Sultan Almasoud & Partners, White & Case
Bond/Sukuk By a Debut Issuer
Qatar Re (QIC) $450m Hybrid Tier 2 Perpetual Capital Notes
4.95% (First call Sept 2022)
BNP Paribas, HSBC, ENBD Capital, NBAD
Allen & Overy, Appleby
Linklaters
Arthur Cox
Sub Investment Grade Bond/Sukuk
The Lebanese Republic US$3.0bn triple tranche bond (Mar 2017) due in Mar 2027, 2032, 3037
6.85% (10yr), 7% (15 Yr) and 7.25% (20 yr)
JPMorgan, Barclays Bank, Byblos Bank, Societe Generale de Banque Au Liban
Freshfields,
Dechert
Financial Institutions Deal
Warba Bank $250m Tier 1 Sukuk (March 2017)
6.5% (NC5)
Bank ABC, Emirates NBD Capital, KAMCO, KFH Capital, Noor Bank, Standard Chartered Bank
Dentons & Co., Maples and Calder, Al Tamimi & Company,
Linklaters, Meysan Partners
Investment Grade Bond/Sukuk of the Year
EQUATE $2.25bn Dual-tranche 5 Year & 10 Year Bond (Nov 2016) due in Nov 2021 and Nov 2026
3% (5yr) and 4.25% (10yr)
NBK Capital, HSBC Bank, JP Morgan, Citigroup, Mizuho Securities, MUFG
Clifford Chance, International Counsel Bureau
White & Case, ASAR
Sovereign Financing Deal of the Year:
Kingdom of Saudi Arabia US$17.5bn bond (Oct 2016) due in Oct 2021, 2026 and 2046
2.375% (5yr), 3.250% (10 yr), 4.5% (30 yr)
Citi, HSBC, JPMorgan, Bank of China, BNP Paribas, Deutsche Bank, Goldman Sachs, MUFG, Morgan Stanley, NCB Capital
Latham, Law Office of Salman M. Al-Sudairi in association with Latham & Watkins LLP
White & Case, Law Firm of Al Salloum and AlToaimi in association with White & Case LLP