The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
BANKING

Central Asia

Euromoney Awards for excellence 2006
Azerbaijan
I Kazakhstan I Kyrgyzstan I Uzbekistan

BEST AT PROJECT FINANCE: BNP Paribas
BEST INVESTMENT BANK: JPMorgan
BEST M&A HOUSE: Citigroup

BNP Paribas managed to arrange a groundbreaking deal in Azerbaijan at the end of last year, when it set up a $750 million five-year facility for Socar, the state oil company, to finance its share of the ACG oil field, which it is developing together with BP. The deal was the first for Socar to involve development banks or export credit agencies.

Xavier Venereau, head of the European oil and gas group, says: “The deal was a big success. We syndicated it very quickly. The transaction really helped open up the Azeri financial market.” ABN Amro also deserves credit for its trade finance deals in Azerbaijan, such as the transaction it helped arrange for Azerbaijan Airlines to acquire four Airbus A319 airplanes.

BNP has also been active in Kazakhstan, doing several deals for KazMunaiGaz and its subsidiaries, as well as for independent oil companies like Nelson Resources. For example, it set up a $600 million bridge facility for KazTransGaz, together with ABN Amro.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree