Deals of the Year 2012: Middle East & Africa – Sukuk comes of age as debt markets dominate

February 06, 2013

In the Middle East rising sukuk issuance gave a new angle to the global emerging market debt boom. Sovereigns and supranationals launched daring benchmark deals, while in sub-Saharan Africa an outrageous last-gasp hijacking of a deal redefined the way China approaches M&A.


Return to Deals of Year 2012: Main index
Abu Dhabi Islamic Bank
Size	$1 billion perpetual non-call six-year hybrid tier 1 sukuk
Bookrunners	ADIB, HSBC, Morgan Stanley, National Bank of Abu Dhabi, Standard Chartered
Deal write-up
Ipic
Size	$2.9 billion-equivalent dual currency, three-tranche offering
Bookrunners	BNP Paribas, JPMorgan Chase, National Bank of Abu Dhabi, Natixis, RBS, UniCredit
Deal write-up
Kingdom of Morocco
Size	$1 billion 10-year and $500 million 30-year debut Regulation S/Rule 144a bond
Bookrunners	Barclays Capital, BNP Paribas, Citi, Natixis
Deal write-up
Jinchuan
Size	R9.112 billion acquisition of Metorex
Advisers	Goldman Sachs (Jinchuan), Standard Bank (Metorex)
Deal write-up