Regional Bond and Sukuk New Issues
Â
|
Issuer |
Issue size/currency (millions) |
Month of Execution |
Mat. |
Coupon/ |
GBSA Member Roles |
|
|
2012 |
 |
 |
 |
 |
 |
|
|
Al Argan International Real Estate Company |
KD 23.2 |
April |
2017 |
6.25% |
Lead Managers:Â KIPCO Asset Management Company (KAMCO), Burgan Bank, Kuwait Financial Centre (Markaz) |
|
|
Al Argan International Real Estate Company |
KD 3.3 |
April |
2017 |
Disc. rate + 350 bps |
Lead Managers:Â KIPCO Asset Management Company (KAMCO), Burgan Bank, Kuwait Financial Centre (Markaz) |
|
|
Commercial Bank of Qatar |
USD 500 |
April |
2017 |
3.375% |
Lead Manager - HSBC |
|
|
Saudi Arabian British Bank |
SR 1,500 |
March |
2017 |
SIBOR+ 120 |
Lead Manager - HSBC Saudi Arabia Limited |
|
|
Saudi Electricity Company |
USD 1,250 |
March |
2022 |
4.211% |
Lead Manager – HSB |
|
|
Saudi Electricity Company |
USD 500 |
March |
2017 |
2.665% |
Lead Manager - HSBC |
|
|
National Bank of Abu Dhabi |
USD 750 |
March |
2017 |
3.25% |
Lead Managers - Barclays Capital, HSBC |
|
|
Emirates NBD |
USD 1,000 |
March |
2017 |
4.625% |
Lead Managers - HSBC, Emirates NBD Capital |
|
|
Abu Dhabi Commercial Bank |
USD 50 |
March |
2027 |
5.50% |
N/A |
|
|
Almarai Company |
SAR 1,000 |
March |
2019 |
SIBOR+ 100 |
Lead Manager - HSBC Saudi Arabia Limited |
|
|
Emirates NBD |
CNY 1,000 |
March |
2015 |
4.875% |
Issuer - Emirates NBD |
|
|
Doha Bank |
USD 500 |
March |
2017 |
3.50% |
N/A |
|
|
Qatar National Bank |
USD 1,000 |
February |
2017 |
3.375% |
Lead Managers -Â Barclays Capital, Citibank, HSBC, Standard Chartered Bank |
|
|
Republic of Turkey |
USD 1,000 |
February |
2022 |
6.25% |
Lead Managers -Â Barclays Capital, Citibank |
|
|
Dolphin Energy |
USD 1,000 |
February |
2022 |
5.50% |
N/A |
|
|
MAF Sukuk Ltd. |
USD 400 |
February |
2017 |
5.85% |
Lead Managers - HSBC, Standard Chartered Bank |
|
|
General Aviation Company (GACA) |
SR 15,000 |
January |
2022 |
2.50% |
Lead Manager - HSBC Saudi Arabia |
|
|
Emirates Islamic Bank (guaranteed by Emirates-NBD) |
USD 500 |
January |
2017 |
4.718% |
Joint Lead Managers - Citibank, HSBC, ENBD Capital Limited, Standard Chartered Bank |
|
|
First Gulf Bank |
USD 500 |
January |
2017 |
4.046% |
Joint Lead Managers - Citibank, HSBC, Standard Chartered |
|
|
Kuwait Projects Company (KIPCO) |
KD 48.5 |
January |
2016 |
4.75% |
Joint Lead Managers - NBK Capital, KAMCO Rating: Capital Standards Rating |
|
|
Kuwait Projects Company (KIPCO) |
KD 31.5 |
January |
2016 |
Disc. rate + 200 bps |
Joint Lead Managers - NBK Capital, KAMCO Counsel to Managers – Al Rumayeh & Partners (ASAR) Rating: Capital Standards Rating |
|
|
Tamweel Funding (guaranteed by Dubai Islamic Bank) |
USD 300 |
January |
2017 |
5.154% Â |
Joint Lead Managers - Citibank, Standard Chartered Bank |
|
|
2011 |
||||||
|
Kuwait Financial Centre (Markaz) |
KD 22 |
December |
2017 |
5.00% |
Lead Manager – Gulf Bank |
|
|
Kuwait Financial Centre (Markaz) |
KD 22 |
December |
2017 |
Disc. rate + 250 bps |
Lead Manager – Gulf Bank |
|
|
State of Qatar |
USD 2,000 |
December |
2017 |
3.125% |
Joint Lead Managers - HSBC, Standard Chartered Bank, Qatar National Bank |
|
|
State of Qatar |
USD 2,000 |
December |
2022 |
4.50% |
Joint Lead Managers - HSBC, Standard Chartered Bank, Qatar National Bank |
|
|
State of Qatar |
USD 1,000 |
December |
2042 |
5.75% |
Joint Lead Managers - HSBC, Standard Chartered Bank, Qatar National Bank |
|
|
Gulf International Bank |
USD 300 |
December |
2014 |
6 month LIBOR +130 |
Lead Manager – JP Morgan |
|
|
Commercial Facilities Company, SAK |
KD 50 |
December |
2015 |
Disc. rate + 250 bps |
Lead Manager - NBK Capital |
|
|
Abu Dhabi National Energy Company (TAQA) |
USD 750 |
December |
2017 |
4.125% UST plus 330 bps |
JLM - Standard Chartered Bank |
|
|
Abu Dhabi National Energy Company (TAQA) |
USD 750 |
December |
2021 |
5.875% UST plus 390 bps |
JLM - Standard Chartered Bank |
|
|
Abu Dhabi Commercial Bank Sukuk |
USD 500 |
November |
2016 |
4.071% Mid-swaps +275 bps |
JLM - Standard Chartered Bank |
|
|
Abu Dhabi Islamic Bank |
USD 500 |
November |
2016 |
3.78% Mid-swaps + 245 bps |
Joint Lead Managers - Citibank, HSBC, Standard Chartered Bank |
|
|
Kingdom of Bahrain Sukuk |
USD 750 |
November |
2018 |
6.273% Mid-swaps + 450 bps |
Joint Lead Managers -Â Citibank, Standard Chartered Bank |
|
|
Republic of Indonesia |
USD 1,000 |
November |
2018 |
4.00% |
JLM – Citibank, HSBC, Standard Chartered Bank |
|
|
Union National Bank |
USD 400 |
November |
2016 |
3.875% mid-swaps + 287.5 bps |
JLM - Citibank, HSBC, Standard Chartered Bank |
|
|
International Petroleum Investment Corporation |
USD 1,500 |
October |
2017 |
3.75% Mid-swaps + 262.5 bps |
Joint Lead Manager – Barclays Capital |
|
|
International Petroleum Investment Corporation |
USD 1,500 |
October |
2022 |
5.50% Mid-swaps + 312.5 bps |
Joint Lead Manager – Barclays Capital |
|
|
International Petroleum Investment Corporation |
USD 750 |
October |
2041 |
6.875% Mid-swaps + 350 bps |
Joint Lead Manager – Barclays Capital |
|
|
Kuveyt Turk sukuk |
USD 350 |
October |
2016 |
5.875% |
JLM - HSBC, Standard Chartered |
|
|
Saudi Aramco Total Refining and Petrochemical Company (SATORP) |
SR 3.75 |
October |
2025 |
SAIBOR + margin |
JLM - Crédit Agricole-CIB (Saudi Fransi Capital) |
|
|
First Gulf Bank |
USD 650 |
August |
2016 |
3.797% |
Issuer – First Gulf Bank |
|
|
Gulf Investment Corporation |
RM 750 |
July |
2016 |
4.90% |
Issuer – Gulf Investment Corporation |
|
|
Almana Group W.L.L. |
USD 215 |
July |
2016 |
LIBOR plus 450 bps |
Joint Lead Manager – Qatar Islamic Bank |
|
|
Government of Dubai |
USD 500 |
June |
2021 |
5.591% |
Joint Lead Managers - Emirates-NBD, HSBC |
|
|
Emirates Airlines |
USD 1,000 |
June |
2016 |
5.125% |
Joint Lead Managers - Emirates-NBD, HSBC |
|
|
HSBC Bank Middle East |
USD 500 |
May |
2016 |
3.575% |
Joint Lead Manager and Bookrunner - HSBC |
|
|
Islamic Development Bank |
USD 750 |
May |
2016 |
2.35% |
Joint Lead Manager and Bookrunner - HSBC, Standard Chartered Bank |
|
|
Sharjah Islamic Bank |
USD 400 |
May |
2016 |
4.715% |
Joint Lead Manager and Bookrunner – HSBC, Standard Chartered Bank |
|
|
Republic of Lebanon |
USD 650 |
May |
2019 |
6.00% |
Joint Lead Manager and Bookrunner - HSBC |
|
|
Republic of Lebanon |
USD 350 |
May |
2022 |
6.10% |
Joint Lead Manager and Bookrunner - HSBC |
|
|
Mubadala Development Co. (MDC GMTN B.V.) MTN Programme |
USD 750 |
April |
2021 |
5.50% |
Joint Bookrunner - Barclays Capital, HSBC, Standard Chartered Bank |
|
|
Mubadala Development Co. (MDC GMTN B.V.) MTN Programme |
USD 750 |
April |
2016 |
3.75% |
Joint Bookrunners - Barclays Capital, HSBC, Standard Chartered Bank |
|
|
Bank Al-Jazira |
SR 1,000 |
March |
2021 |
SIBOR plus 170 |
Joint Bookrunner - HSBC |
|
|
International Petroleum Investment Corporation |
GBP 550 |
March |
2026 |
6.875% |
Fiscal, Paying, Exchange, Transfer, Registrar, Calculation Agent-BNY Mellon |
|
|
International Petroleum Investment Corporation |
EUR 1,250 |
March |
2016 |
4.875% |
Fiscal, Paying, Exchange, Transfer, Registrar, Calculation Agent-BNY Mellon |
|
|
International Petroleum Investment Corporation |
EUR 1,250 |
March |
2021 |
5.875% |
Fiscal, Paying, Exchange, Transfer, Registrar, Calculation Agent-BNY Mellon |
|
|
Emaar Properties |
USD 500 |
January |
2016 |
8.5% |
Bookrunners - HSBC, Standard Chartered Bank |
|
|
2010 |
||||||
|
National Bank of Abu Dhabi |
MYR 150 |
December |
2020 |
4.90% |
Bookrunner – HSBC |
|
|
Bahrain Commercial Facilities Company |
BHD 6.7 |
December |
2013 |
5.00% |
Joint Bookrunner – Standard Chartered Bank |
|
|
Republic of Lebanon |
LBP 1,500,000 |
December |
2017 |
7.90% |
Fiscal Agent – BNY Mellon |
|
|
Emaar Properties |
USD 500 |
December |
 |
7.50% |
Conversion Agent, Trustee, Paying Agent, Registrar – Citibank |
|
|
Saudi British Bank |
USD 600 |
November |
2015 |
3.00% |
Bookrunner – HSBC |
|
|
International Petroleum Investment Corporation |
USD 1,000 |
November |
2015 |
3.125% |
Joint Bookrunners – HSBC, Standard Chartered Bank |
|
|
International Petroleum Investment Corporation |
USD 1,500 |
November |
2020 |
5.00% |
Joint Bookrunners – HSBC, Standard Chartered Bank |
|
|
Hashemite Kingdom of Jordan |
USD 750 |
November |
2015 |
3.875% |
Bookrunner – HSBC |
|
|
Government of Ras Al Khaimah |
JPY 5,000 |
November |
2030 |
3.58% |
Common depository, Fiscal, Paying, Registrar, Transfer Agent – BNY Mellon |
|
|
Government of Ras Al Khaimah |
JPY 10,000 |
November |
2040 |
3.77% |
Common depository, Fiscal, Paying, Registrar, Transfer Agent – BNY Mellon |
|
|
Government of Ras Al Khaimah |
USD 325 |
November |
 |
 |
Tender and Exchange Agent – Citibank |
|
|
Government of Ras Al Khaimah |
AED 1,000 |
November |
 |
 |
Tender and Exchange Agent - Citibank |
|
|
MB Petroleum Services |
USD 320 |
November |
2015 |
11.25% |
Bookrunners – HSBC, Standard Chartered Bank, Barclays Capital |
|
|
Qatar National Bank |
USD 1,500 |
November |
2015 |
3.125% |
Joint Bookrunner – Standard Chartered Bank, Barclays Capital |
|
|
Abu Dhabi Islamic Bank PJSC |
USD 750 |
November |
2015 |
3.745% |
Joint Bookrunners – HSBC, Standard Chartered Bank, Barclays Capital |
|
|
Saudi Basic Industries |
USD 1,000 |
October |
2015 |
3.00% |
Bookrunner – HSBC |
|
|
Bank of Bahrain & Kuwait |
USD 500 |
October |
2015 |
4.50% |
Bookrunner – HSBC |
|
|
Islamic Development Bank |
USD 500 |
October |
2015 |
1.775% |
Joint Bookrunners – HSBC, Standard Chartered Bank |
|
|
Qtel International Finance Ltd |
USD 750 |
October |
2025 |
5.00% |
Joint Bookrunner – Standard Chartered Bank |
|
|
Qtel International Finance Ltd |
USD 1,000 |
October |
2021 |
4.75% |
Joint Bookrunner – Standard Chartered Bank, Barclays Bank PLC |
|
|
Qtel International Finance Ltd |
USD 1,000 |
October |
2016 |
3.375% |
Joint Bookrunner – Standard Chartered Bank, Barclays Bank PLC |
|
|
HSBC Bank Middle East |
USD 500 |
October |
2015 |
3.00% |
Bookrunner – HSBC |
|
|
Dubai Electricity & Water Authority |
USD 1,500 |
October |
2020 |
7.375% |
Joint Bookrunner – Standard Chartered Bank |
|
|
Dubai Electricity & Water Authority |
USD 500 |
October |
2016 |
6.375% |
Joint Bookrunner – Standard Chartered Bank |
|
|
Arab Petroleum Investments Corporation |
SR 2,000 |
October |
2015 |
SIBOR plus 110 |
Bookrunner – HSBC Saudi Arabia Ltd |
|
|
QIB Sukuk Funding Limited |
USD 750 |
October |
2015 |
3.856% |
Bookrunners – QInvest, HSBC |
|
|
Government of Dubai EMTN Programme |
USD 500 |
September |
2015 |
6.70% |
JLM – HSBC, Standard Chartered Bank Issuer’s Counsel – Latham & Watkins |
|
|
Government of Dubai EMTN Programme |
USD 750 |
September |
2020 |
7.75% |
JLM – HSBC, Standard Chartered Bank Issuer’s Counsel – Latham & Watkins |
|
|
Burgan Bank |
USD 400 |
September |
2020 |
7.875% |
JLM/Bookrunner – Standard Chartered Bank |
|
|
Kuveyt Turk |
USD 100 |
August |
2013 |
5.25% |
JLM/Bookrunner – Citibank Principal Paying Agent/Trustee Delegate - Citibank |
|
|
Emirates NBD Auto Finance Limited |
JPY 19,000 |
August |
2022 |
Floating Rate |
JLM/Bookrunner – Citibank |
|
|
The Republic of Turkey |
USD 1,000 |
August |
2021 |
5.625 |
Fiscal Agent/Paying Agent/Registrar/Transfer Agent – BNY Mellon |
|
|
Qatari Diar Finance QSC |
USD 1,000 |
July |
2015 |
3.50% |
Bookrunners - Barclays Capital, HSBC, Standard Chartered Bank Issuer’s Counsel – Latham & Watkins |
|
|
Qatari Diar Finance QSC |
USD 2,500 |
July |
2020 |
5.00% |
Bookrunners - Barclays Capital, HSBC, Standard Chartered Bank Issuer’s Counsel – Latham & Watkins |
|
|
Nomura Sukuk Limited (Malaysia) |
USD 100 |
July |
2012 |
 |
Delegate Trustee, Paying Agent, Registrar – Citibank |
|
|
Kuwait Projects Company |
USD 500 |
July |
2020 |
9.375% |
JLM/Bookrunner – Citibank |
|
|
Malaysia Global Sukuk Bhd Trust Certificates |
USD 1,250 |
June |
2015 |
3.928% |
Delegate/Paying Agent/Transfer Agent/Registrar – BNY Mellon |
|
|
United Real Estate Company SAK |
KD 28.5 |
June |
2013 |
6.75% |
Bookrunner – NBK Capital |
|
|
United Real Estate Company SAK |
KD 11.5 |
June |
2013 |
CBK DRÂ Â + 375 bpt |
Bookrunner – NBK Capital |
|
|
Bahrain Mumtalakat Holding Company |
USD 750 |
June |
2015 |
5.00% |
Bookrunner – Standard Chartered Bank , HSBC |
|
|
Mubadala Development Co. (MDC GMTN B.V.) MTN Programme |
Various |
May |
 |
 |
JLM/Bookrunner – Citibank Issuing and Paying Agent – Citibank |
|
|
The Arab Republic of Egypt |
USD 1,000 |
April |
2020 |
5.75% |
Paying Agent/Fiscal Agent/Registrar – BNY Mellon |
|
|
The Arab Republic of Egypt |
USD 500 |
April |
2040 |
6.75% |
Paying Agent/Fiscal Agent/Registrar – BNY Mellon |
|
|
Dubai Electricity and Water Authority |
USD 1,000 |
April |
2015 |
8.5% |
JLM/Bookrunner – Citibank, Standard Chartered Bank |
|
|
National Bank of Abu Dhabi PJSC |
USD 750 |
March |
2015 |
4.25% |
Bookrunners – Barclays Capital, HSBC |
|
|
The Republic of Turkey |
USD 1,000 |
March |
2021 |
5.625% |
Fiscal Agent/Paying Agent/Registrar/Transfer Agent – BNY Mellon |
|
|
Kingdom of Bahrain |
USD 1,250 |
March |
2020 |
5.50% |
Fiscal Agent – Citibank |
|
|
Banque Saudi Fransi MTN Programme Issuance |
USD 650 |
March |
2015 |
4.25% |
JLM/Bookrunner – Citibank Issuing and Paying Agent – Citibank |
|
|
2009 |
||||||
|
State of Qatar |
USD 3,500 |
November |
2015 |
4.00% |
Bookrunner - Barclay’s Capital Paying Agent – Citibank |
|
State of Qatar |
USD 2,500 |
November |
2020 |
5.25% |
Bookrunner - Barclay’s Capital Fiscal Agent – Citibank |
|
|
State of Qatar |
USD 1,000 |
November |
2040 |
6.40% |
Bookrunner - Barclay’s Capital Fiscal Agent – Citibank |
|
|
GE Capital Sukuk Ltd |
USD 500 |
November |
 |
 |
Global Coordinator - Citibank JLM/Bookrunner – Citibank Trustee Delegate/ Paying Agent – BNY Mellon |
|
|
Hilal Sukuk Co. (IFC) |
USD 100 |
November |
2014 |
3.037% |
JLM/Bookrunner – Dubai Islamic Bank Trustee Delegate/Principal Paying Agent/ |
|
|
Dubai DOF Sukuk |
USD 2,500 |
November |
2014 |
AED EIBOR+370 USD 6.396% |
JLM/Bookrunner – Dubai Islamic Bank, Standard Chartered Bank |
|
|
First Gulf Bank MTN Programme Issuance |
USD 500 |
November |
2012 |
4.00% |
JLM/Bookrunner/Issuing and Paying Agent - Citibank |
|
|
Abu Dhabi Commercial Bank |
USD 1,000 |
October |
2014 |
4.75% |
Bookrunner - Standard Chartered Bank |
|
|
TDIC Sukuk Ltd |
USD 1,000 |
October |
2014 |
4.949 |
Bookrunner – Standard Chartered Bank |
|
Â