Latest news with #EmiratesNBDCapital
Irish Times
02-05-2025
- Business
- Irish Times
Avolon raises $1bn bank facility
Aviation finance company Avolon has raised $1 billion in a new unsecured dual tranche bank facility with six banks in the Middle East as it diversifies its capital sources. The move follows the announcement of a new $1.1 billion senior unsecured facility late last month, bringing the total of new unsecured facilities raised in the second quarter to $2.1 billion. The new facility, which has a conventional and an Islamic tranche, includes five new banks and was coordinated by Emirates NBD Capital, alongside Abu Dhabi Commercial Bank and Warba Bank as initial mandated lead arrangers and bookrunners. Avolon previously raised a $750 million credit facility in June last year that had significant participation from Middle East banks. READ MORE 'This facility further expands our banking relationships in the Middle East consistent with our strategy of diversifying our sources of capital,' said Ross O'Connor, chief financial officer of Avolon. 'It demonstrates the strong appetite in the region for high quality aviation lending opportunities, with Avolon's positive financial trajectory and successful growth strategy ensuring the transaction was well supported.'
Zawya
29-04-2025
- Business
- Zawya
Bahrain mandates banks for USD 8-year sukuk, 12-year bond
Bahrain, acting through the Ministry of Finance and National Economy, has mandated banks to arrange a series of virtual fixed income investor calls commencing on Tuesday, 29 April 2025. A Regulation S /144A benchmark size dual tranche USD-denominated fixed rate transaction consisting of an 8-year sukuk under the Bahrain's Trust Certificate Issuance Programme and a 12-year senior, unsecured bond under Bahrain's Global Medium Term Note Programme will follow, subject to market conditions. The kingdom is rated B+ (negative outlook) by both Fitch Ratings and S&P. Last week S&P downgraded Bahrain's outlook to "negative" from "stable" citing ongoing market volatility and weaker financing conditions that could increase the government's interest burden. Citi, First Abu Dhabi Bank, HSBC, JP Morgan and National Bank of Bahrain have been picked as joint global coordinators. Bank ABC, Dubai Islamic Bank, Emirates NBD Capital, KFH Capital and KIB Invest are mandated as joint bookrunners on the sukuk tranche. Together with the global coordinators, Bank ABC and Emirates NBD Capital are mandated as joint bookrunners on the bond tranche. The proceeds of the issuances will be utilised for general budgetary purposes. The sukuk and bonds, which will be listed on the London Stock Exchange, are expected to be rated B+ by Fitch and S&P. (Writing by Brinda Darasha; editing by Seban Scaria)
Zawya
22-04-2025
- Business
- Zawya
Ajman Bank mandates banks to tap sukuk market
UAE-based Islamic lender Ajman Bank has mandated banks for a debut Reg S five-year sukuk, making it the second lender in the country and the region to tap the market post US trade tariff announcements. The bank, rated BBB+ by Fitch, outlook stable, has mandated Emirates NBD Capital, FAB J.P. Morgan and Standard Chartered Bank as joint global coordinators, with ADCB, ADIB, Citi, DIB, KFH Capital, Mashreq, QNB Capital, Sharjah Islamic Bank, ICD, Warba Bank, together, as joint lead managers and joint bookrunners. A global investor call and fixed income investor calls will start on Tuesday, followed by a five-year benchmark size fixed rate, senior unsecured sukuk offering under the bank's $1.5 billion trust certificate issuance programme, subject to market conditions. Last week, Mashreq Bank was the first lender in the GCC to tap the sukuk market with its $500 million sukuk, which received strong investor interest. (Reporting by Imogen Lillywhite; editing by Daniel Luiz)
Gulf Today
26-03-2025
- Business
- Gulf Today
Deal to facilitate international investment inflows into the UAE
The Ministry of Investment (MoI) and Emirates NBD Capital, the investment banking arm of the UAE's leading bank, have signed a Memorandum of Understanding (MoU) to establish a cooperative framework aimed at facilitating international investment inflows into the UAE. This partnership reinforces the UAE's commitment to strengthening its position as a global investment hub. The MoU was officially signed by Mohammad Abdulrahman Alhawi, Undersecretary at the Ministry of Investment, and Hitesh Asarpota, Chief Executive Officer at Emirates NBD Capital. This partnership will provide a structured framework for organising high-profile investment summits, roadshows, and networking events, harbouring meaningful connections between global investors and UAE-based opportunities. Alhawi said, 'This partnership reflects our dedication to enhancing the UAE's investment ecosystem and creating seamless pathways for international investors. Emirates NBD Capital stands as a testament to the strength of UAE-grown institutions, showcasing the importance of local champions in enabling global capital flows and driving sustainable economic growth on the world stage.' Asarpota, in turn, said, 'As a leading financial institution, we are committed to supporting the UAE's strategic investment ambitions by leveraging our expertise, global network, and deep market insights. This MoU marks a significant step in attracting high-value international investments and continuing to foster long-term investor confidence in the UAE.' This partnership is aligned with the UAE's National Investment Strategy 2031, which aims to attract high-quality foreign investments across key sectors, supporting sustainable economic growth and innovation. By fostering international investor engagement, the UAE continues to solidify its standing as a global financial powerhouse, offering a dynamic and business-friendly environment for investors worldwide.
Zawya
26-03-2025
- Business
- Zawya
Ministry of Investment, Emirates NBD Capital partner to boost international investment inflows
ABU DHABI - The Ministry of Investment and Emirates NBD Capital, the investment banking arm of the UAE's leading bank, have signed a Memorandum of Understanding (MoU) to establish a cooperative framework aimed at facilitating international investment inflows into the UAE. This partnership reinforces the UAE's commitment to strengthening its position as a global investment hub. The MoU was officially signed by Mohammad Abdulrahman Alhawi, Undersecretary at the Ministry of Investment, and Hitesh Asarpota, Chief Executive Officer at Emirates NBD Capital. This partnership will provide a structured framework for organising high-profile investment summits, roadshows, and networking events, harbouring meaningful connections between global investors and UAE-based opportunities. Alhawi said, 'This partnership reflects our dedication to enhancing the UAE's investment ecosystem and creating seamless pathways for international investors. Emirates NBD Capital stands as a testament to the strength of UAE-grown institutions, showcasing the importance of local champions in enabling global capital flows and driving sustainable economic growth on the world stage.' Asarpota, in turn, said, 'As a leading financial institution, we are committed to supporting the UAE's strategic investment ambitions by leveraging our expertise, global network, and deep market insights. This MoU marks a significant step in attracting high-value international investments and continuing to foster long-term investor confidence in the UAE.' This partnership is aligned with the UAE's National Investment Strategy 2031, which aims to attract high-quality foreign investments across key sectors, supporting sustainable economic growth and innovation. By fostering international investor engagement, the UAE continues to solidify its standing as a global financial powerhouse, offering a dynamic and business-friendly environment for investors worldwide.
