Syndication of the 14-year, $647 million facility is expected to attract mainly regional banks as eight international banks came on board at the lead arranging stage (MEED 29:8:03).
The lead arrangers are Arab Bank, ANZ Investment Bank, Bank of Tokyo-Mitsubishi, BNP Paribas, Credit Agricole Indosuez, Gulf International Bank (GIB), HSBC, Mizuho Financial Group, Societe Generale and Sumitomo-Mitsui Banking Corporation (MEED 13:6:03). Tickets are expected to range in size from $30 million to $10 million and fees at the top end will be in the 100-110-basis point range (MEED 1:8:03).
You might also like...
McDermott completes financial restructuring exercise
28 March 2024
Region heads for hotel boom
28 March 2024
Lowest bidders emerge for Kuwait housing project
28 March 2024
Redcon wins Red Sea Triple Bay infrastructure deal
28 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.