Deals of the year 2010: Middle East and African awards
Minerals and dynamism drive MEA deals: Rapid rebound in emerging markets boosted Africa and the Middle East.
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| Zain Africa acquisition and financing |
| Size: |
$10.7 billion (acquisition), $7.5 billion (syndicated loan) |
| Date: |
March 20 (loan pricing), June 8 (acquisition closed) |
| Advisers: |
Barclays, Global Investment House, Standard Chartered (Bharti Airtel), BNP Paribas, UBS (Zain) |
| Lead managers: |
Standard Chartered (global coordinator) and 10 other banks. |
| Price: |
195bp over Libor |
| Tenor: |
six years |
| Dubai World restructuring |
| Size: |
$14.4 billion bank debt |
| Date: |
100% bank support announced October 27 |
| Advisers: |
Rothschild (Dubai World), Moelis (Dubai government) |
| Terms: |
no haircut on principal, 1% cash (five-year), 1% cash plus varying shortfall guarantees and 1.5% to 2.5% payment in kind (eight-year) |
| BP Angola pre-export financing |
| Size: |
$2.5 |
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