Mashreq Bank (“Mashreq”) has announced the pricing of an aggregate principal amount of USD300 million of its 8.500% Perpetual Non-callable 5-year Additional Tier 1 Notes. The offering closed on 7 July 2022, subject to customary closing conditions. The issuance is expected to further strengthen Mashreq’s capital structure and leverage ratios, positioning for further balance sheet […]
PKO Bank Hipoteczny launched a subscription for institutional investors for another issue of mortgage covered bonds with a value of EUR 500 million and maturity on June 25, 2025. This issue was the first issue of the
Capital Markets
Egypt
Real Estate, Construction & Infrastructure
At Lease closes EGP 1.6 bn in securitized bond issuance.
Shari’ah-compliant leasing company AT Lease has closed its third securitized bond issuance worth EGP 1.6 bn The proceeds from the securitization process will be used to enhance the company’s financial position as well as
Banking & Finance
Capital Markets
Egypt
EBRD, Amethis and SPE Capital acquire GlobalCorp. The advisors
A consortium of investors made up of the European Bank for Reconstruction and Development (EBRD), French financial fund manager Amethis and private equity firm SPE Capital has acquired a majority stake in GlobalCorp for
Capital Markets
Healthcare, Pharma & Life Sciences
United Arab Emirates
Baker McKenzie advises on the sale of New You Medical
New You Medical Center, a day surgery medical and beauty center in Saudi Arabia focused on bariatric procedures, has completed the sale of a majority equity stake of 51% to Nomu-listed Arabian International Healthcare Holding Co. (“
Banking & Finance
Capital Markets
United Arab Emirates
Akin Gump advises on Perpetual Additional Tier 1 Bonds issued
Akin Gump has advised Capital Investments (DIFC) and Capital Investments and Brokerage Company / Jordan as the sole structuring agent and manager, respectively, in respect of Capital Bank of Jordan’s inaugural $100 million Reg S perpetual
Capital Markets
Energy & Trading
United Arab Emirates
White & Case: Sweihan PV Power Company issues green project
Global law firm White & Case LLP has advised the Abu Dhabi-based Sweihan PV Power Company (SPPC) on the issuance of its US$700.8 million 3.625% senior secured amortizing green project bonds due 2049. The bonds are governed
