Deal Case Studies

21 Feb 2017   Americas, Deal Case Studies, Andes

Case Study: Promigas Shifts Liability Management Strategy with US$200mn Loan

Colombia’s Promigas marked its first foray into the syndicated loan markets by securing a US$200mn 5-year unsecured facility, allowing the company to consolidate its existing debt at more aggressive pricing while broadening its funding base.

CASE STUDY: Colombia Taps Debt Markets With €1.35bn Sovereign Eurobond

Colombia’s €1.35bn Eurobond represents Colombia’s first benchmark Euro-denominate issuance in over 15 years and marks the Republic’s largest euro-denominated transaction to date, fulfilling the country’s cross border funding requirements for the year.

CASE STUDY: Sultanate of Oman’s Landmark Deal Opens Oman to Islamic Finance

The Sultanate of Oman’s OMR250mn sukuk al-Ijara Trust Certificates due November 2020 helped the government set a critical funding benchmark and helped pave the way for a conventional dual-currency bond seven months later.

CASE STUDY: Kazancı Holding Electrifies Local Loan Market with US$800mn Loan

Kazancı Holding secured a dual-currency US$800mn 10-year loan against a backdrop of severe volatility in the local market and growing uncertainty around the macroeconomic environment more broadly.

CASE STUDY: OSN’s Follow-Up Syndication Oversubscribed

Dubai-based pay-television company OSN closed an oversubscribed, well-structured US$400mn 5-year syndicated loan in a widely successful follow-up to the company’s debut syndication in 2013. The transaction was well-received by the market and helped effectively balance the company’s short and long-term working capital needs.

CASE STUDY: Noor Bank Issues Debut Tier 1 Perpetual

Noor Bank’s debut perpetual Tier 1 perpetual sukuk issuance met with strong demand from global investors and achieved the lowest yield of any Tier 1 Basel III compliant perpetual sukuk in Dubai, despite a volatile market backdrop which saw oil prices dip below US$30 per barrel.

CASE STUDY: Petroleum Development Oman (PDO) Makes Strong Debut with Pre-Export Loan Facility

Petroleum Development Oman’s (PDO) US$4bn senior secured pre-export term loan facility was the company’s debut credit deal, upsized on the back of strong demand from global investors, and the first ever oil pre-payment financing by the Omani government.

CASE STUDY: Egypt Roars Back After Reforms, IMF Loan with US$4bn Eurobond

The Arab Republic of Egypt started 2017 with a bang, pricing an upsized US$4bn triple-tranche bond that is currently the largest single issuance out of Africa to date. The deal is a testament to renewed confidence in Egypt and its willingness to stick with important, albeit often unpopular, reforms, and secure the support of global multilaterals and its GCC neighbours.

CASE STUDY: The First Greenfield Green Infrastructure Project Bond in Turkey

Rönesans Healthcare Investment issued Turkey’s first green infrastructure project bond to help finance the development of the Elazığ City Hospital, deploying a new and innovative credit enhancement scheme that helped the issuance soak up global investor liquidity and push the Turkish PPP market forward.

CASE STUDY: Ezdan Holding Issues Debut US$500mn Sukuk in Quest to Diversify Funding

Ezdan’s debut US$500mn 5-year fixed rate trust certificates helped the company diversify its sources of funding, and created a broader platform from which Qatar’s leading real estate developer, owner and operator can grow its business in the future.


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