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Deals of the Year 2011: Middle East & Africa – Gulf diversifies funding as Africa brings new issuers

In the Middle East last year, borrowers sought to diversify sources of financing, while in Africa new issuers added to the continent’s growing recognition on global markets

Barzan Gas Company financing
Size $7.25 billion
Date December 13 2011
Financial adviser RBS
Pricing 130bp-200bp (commercial tranche)
Tenor 16 years
View deal information: Barzan Gas Company financing

Aabar Investments PJS unsecured exchangeable bond
Size €1.25 billion
Date May 24 2011
Lead managers Bank of America Merrill Lynch, Deutsche Bank and Morgan Stanley
Coupon 4%
Tenor Five years
View deal information: Aabar Investments PJS unsecured exchangeable bond

Republic of Namibia debut Eurobond
Size $500 million
Date October 27 2011
Lead managers Barclays Capital, Absa Capital and Standard Bank
Coupon 5.5%
Tenor 10 years
View deal information: Republic of Namibia debut Eurobond

Afren senior secured bond
Size $450 million
Date January 27 2011
Lead managers BNP Paribas, Deutsche Bank and Goldman Sachs
Coupon 11.5%
Tenor Five years
View deal information: Afren senior secured bond  
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