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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.

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 billion
Date: syndication launched August 16
Leads: BNP Paribas, Standard Chartered
Pricing: undisclosed
Tenor: five years
Egypt sovereign bond
Size: $1.5 billion
Date: priced April 22
Leads: HSBC, Morgan Stanley
Pricing: treasuries plus 200bp (10-year), treasuries plus 233bp (30-year)
Coupon: 5.75%

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