24th March 2020

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:

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