Bonds, Loans & Sukuk Middle East Awards 2024 | GFC Media Group | Madinat Jumeirah Conference & Events Centre, Madinat Jumeirah - King Salman Bin Abdulaziz Al Saud St - Al Sufouh 1 - Dubai - UAE

The exhaustive selection process involves close examination of deal size, tenor, structure, and distribution; analysis and background of the borrower and their accessibility to financing; with extra credit for those deals demonstrating high quality execution, accessing new pools of liquidity, innovative structuring, and opening-up new markets.

Bringing together the industry’s most high-profile figures, the Bonds, Loans & Sukuk Middle East AWARDS ceremony is an opportunity to raise the profile of the financial markets with the international investment community, and to inspire future issuance by Middle Eastern companies.

Awards Categories

Deal of the Year Awards
• Sovereign, Supra & Agency Bond Deal of the Year
• Quasi-Sovereign/GRE Bond Deal of the Year
• Corporate Bond Deal of the Year
• Structured Bond Deal of the Year
• Bank/Financial Institution Bond Deal of the Year
• ECA, DFI, IFI Deal of the Year
• ESG Bond Deal of the Year
• Global Bank/Financial Institution Sukuk Deal of the Year
• Global Corporate Sukuk Deal of the Year
• Global Sovereign Sukuk Deal of the Year
• Ground-breaking Deal of the Year
• ESG Loan Deal of the Year
• Equity Capital Markets Deal of the Year
• M&A Deal of the Year
• Syndicated Loan Deal of the Year
• Structured Loan Deal of the Year
• Mid Cap Debt Deal of the Year
• Islamic Syndication of the Year
• Islamic Structured Finance Deal of the Year
• Real Estate Finance Deal of the Year
• Acquisition Finance Deal of the Year
• Leveraged Finance Deal of the Year
• Liability Management Deal of the Year
• Local Currency Bond Deal of the Year
• Infrastructure Finance Deal of the Year
• Metals & Mining Deal of the Year
• Oil & Gas Deal of the Year
• Power Finance Deal of the Year
• Social Infrastructure Deal of the Year
• Structured Finance Deal of the Year
• Transport Finance Deal of the Year
• Aircraft Finance Deal of the Year

Awards for Excellence
• Regional Investment Bank of the Year
• MENA Debt (Bonds & Loans) House of the Year
• SSA Bond House of the Year
• Corporate Bond House of the Year
• Financial Institutions Bond House of the Year
• Sukuk House of the Year
• ESG Bond House of the Year
• Local Currency Bond House of the Year
• Equity Capital Markets House of the Year
• Loan House of the Year
• ESG Loan House of the Year
• Islamic Syndications House of the Year
• Mid-Cap Lender of the Year
• Leveraged Finance Bank of the Year
• Structured Finance Bank of the Year
• Debt Capital Markets Legal Adviser of the Year
• International Equity Capital Markets House of the Year
• Local Equity Capital Markets House of the Year
• Banking & Finance Legal Adviser of the Year
• Sukuk Legal Adviser of the Year
• Sovereign, Supra & Agency Treasury & Funding Team of the Year
• Quasi-Sovereign/GRE Treasury & Funding Team of the Year
• Bank Treasury & Funding Team of the Year
• Project Sponsor of the Year
• Equity Capital Markets Legal Adviser of the Year
• Islamic Banking & Finance Legal Adviser of the Year

Investor Awards
• Best Global Sukuk Fund Strategy (1 Year)
• Best Global Sukuk Fund Strategy (3 Years)
• Best MENA Equity Fund Strategy
• Best MENA Fixed Income Fund Strategy (1 Year)
• Best MENA Fixed Income Fund Strategy (3 Years)

2023 Winners

Sovereign, Supra & Agency Bond Deal of the Year
• UAE Federal Government

USD3bn Dual Tranche 10 & 30 Year Bonds, 4.050%, 4.951%
Issued: June 2022; Matures: July 2032, July 2052
Bookrunners/JLMs: ADCB, Bank of America, Citi, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, ICBC, JPMorgan, Mashreq, Standard Chartered Bank
Legal Adviser to the Issuer: Clifford Chance
Legal Adviser to the JLMs: Latham & Watkins
Advisor: Lee & Li
Quasi-Sovereign/GRE Bond Deal of the Year
Mubadala

USD 500m 3% 2027 & USD 1bn 3.375% 2032 Eurobond
Issued: March 2022; Matures: 2027, 2032
Bookrunners/JLMs: ADCB, BofA Securities, First Abu Dhabi Bank, HSBC, Intesa Sanpaolo, MUFG, Société Générale
Legal Adviser to the Issuer: Allen & Overy
Legal Adviser to the JLMs: Clifford Chance
Corporate Bond Deal of the Year
Majid Al Futtaim

USD500m 7.875% Subordinated Perpetual NC5.25 Green Bond
Issued: June 2022; Matures: Perpetual
Global Coordinators: Citi, HSBC, Standard Chartered Bank
Bookrunners/JLMs: ADCB, Citi, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Standard Chartered Bank
Legal Adviser to the Issuer: Clifford Chance, Maples and Calder (Dubai)
Legal Adviser to the JLMs: Dentons
Structured Bond Deal of the Year
Sweihan PV Power Company

USD701m 3.625% Senior Secured Green Bonds
Issued: January 2022; Matures: January 2049
Bookrunners/JLMs: BNP Paribas, Citi, First Abu Dhabi Bank, HSBC, MUFG, SMBC Nikko
Legal Adviser to the Issuer: White & Case
Legal Adviser to the JLMs: Norton Rose Fulbright
Issuer Financial Advisor: Emirates Water & Electricity Company, Alderbrook Finance
Sponsors’ Names: Abu Dhabi National Energy Company, Marubeni Corporation, Jinko Solar
Bank/FI Bond Deal of the Year
First Abu Dhabi Bank

USD700mn Senior Unsecured 5-Year Green Bond
Issued: October 2022; Matures: October 2027
Bookrunners/JLMs: Citi, Deutsche Bank, First Abu Dhabi Bank, Mizuho, Standard Chartered Bank
Legal Adviser to the Issuer: Dentons
Legal Adviser to the JLMs: Allen & Overy
ECA, DFI, IFI Deal of the Year
Amunet Wind Power Project

USD700m Project Financing
Issued: November 2022
Offtaker: Egyptian Electricity Holding Company
Sponsors: AMEA Power, Sumitomo Corporation
MLAs & Joint Green Coordinators : International Finance Corporation, SMBC, Standard Chartered Bank
Bookrunners: CIB Egypt, IFC, JBIC, Standard Chartered Bank, SMBC, Sumitomo Mitsui Trust Bank, Nippon Export and Investment Insurance (NEXI)
Legal Adviser to the Borrower: Baker McKenzie Egypt Helmy, Hamza & Partners, Clifford Chance
Legal Adviser to the Lenders: Milbank, Shalakany Legal Office
Abydos Solar Power Project

USD325m Project Financing
Issued: November 2022
Offtaker: Egyptian Electricity Holding Company
Sponsor: AMEA Power
Bookrunners: FMO, IFC, JICA
Legal Adviser to the Borrower: Baker McKenzie Egypt Helmy, Hamza & Partners, Clifford Chance
Legal Adviser to the Lenders: Norton Rose Fulbright, Sharakawy & Sarhan
ESG Bond Deal of the Year
The Government of the Emirate of Sharjah

USD1bn 6.5% 144A/RegS Sustainability Bond
Issued: February 2023; Matures: November 2032
Bookrunners/JLMs: ADCB, Citi, First Abu Dhabi Bank, GIB, HSBC, Intesa Sanpaolo, Invest Bank, SMBC
Legal Adviser to the Issuer: Clifford Chance
Legal Adviser to the JLMs: Allen & Overy
Global Bank/FI Sukuk Deal of the Year
The Saudi National Bank

USD750m Inaugural Sustainable RegS Only Senior Unsecured Sukuk Offering

Issued: January 2022; Matures: January 2027
Bookrunners/JLMs: Citi, Emirates NBD Capital, Goldman Sachs, HSBC, Mizuho, SNB Capital
Legal Adviser to the Issuer: Allen & Overy, Khosaim & Associates
Legal Adviser to the JLMs: Linklaters, Zamakhchary & Co.
Obligor / Issuer Name: SNB Sukuk Ltd
Global Corporate Sukuk Deal of the Year
Air Lease Corporation

USD600m 144a/RegS Senior Unsecured Sukuk
Issued: March 2023; Matures: April 2028
JLMs/Bookrunners: Al Rayan, Bank ABC, Citi, Deutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, JP Morgan, KFH Capital, Warba Bank
Legal Adviser to the Issuer: Allen & Overy, Walkers (Dubai) LLP
Legal Adviser to the JLMs: Clifford Chance
Global Sovereign Sukuk Deal of the Year
The Arab Republic of Egypt Represented by the Ministry of Finance

USD1.5bn 144a/RegS Senior Unsecured Sukuk

Issued: February 2023; Matures: February 2026
Bookrunners/JLMs: Abu Dhabi Islamic Bank, CA-CIB, Citi, Emirates NBD Capital, First Abu Dhabi Bank, HSBC
Legal Adviser to the Issuer: Clifford Chance, ADSERO – Ragy Soliman & Partners
Legal Adviser to the JLMs: Linklaters, Zaki Hashem & Partners
Ground-breaking Deal of the Year
The Public Investment Fund

USD3bn RegS Triple-tranche (including Century Tranche) Senior Unsecured ESG Bond
Issued: Oct 2022; Matures: Oct 2027, Oct 2032, Oct 2122
Global Coordinators: BNP Paribas, Citi, Deutsche Bank, Goldman Sachs, JPMorgan
Joint Green Structurers and Active Bookrunners: Credit Agricole, Standard Chartered
Active Bookrunners: First Abu Dhabi Bank, HSBC, Mizuho, SMBC Nikko, SNB Capital, Société Générale
Passive Bookrunners: ANB Capital, BofA Securities, Bank of China, GIB Capital, ICBC, Intesa SanPaolo IMI, Morgan Stanley, MUFG, Natixis, Riyad Capital, Saudi Fransi Capital
Legal Advisers to the Issuer: Latham & Watkins, Walkers (Dubai) LLP
Legal Advisers to the JLMs: Linklaters, Zamakhchary & Co.
ESG Loan Deal of the Year
The Oil and Gas Holding Company

USD2.2bn Sustainability Linked Facility
Issued: April 2022 ; Matures: September 2026
Bookrunners/JLMs: Mashreq, Gulf International Bank
Legal Adviser to the Borrower: Linklaters
Legal Adviser to the JLMs: Norton Rose Fulbright
Equity Capital Markets Deal of the Year
Dubai Electricity and Water Authority

USD6.1bn Initial Public Offering
Issued: April 2022;
Global Coordinators: Citi, Emirates NBD Capital, HSBC
Bookrunners: Credit Suisse, EFG Hermes, First Abu Dhabi Bank, Goldman Sachs
Legal Adviser to the Issuer: White & Case, Ibrahim & Partners
Legal Adviser to the JLMs: Clifford Chance
M&A Deal of the Year
ADNOC Refining

Monetization of ADNOC Refining’s waste management assets in Ruwais

Adviser to Seller: Standard Chartered
Seller Name: ADNOC Refining
Acquirer: ADQ, Veolia, Vision Invest
Syndicated Loan Deal of the Year
The Public Investment Fund

USD17bn Senior Unsecured Syndicated Loan
Issued: Nov 2022; Matures: 2029
Bookrunners and MLAs: BofA Securities, BNP Paribas, CA-CIB, Citi, First Abu Dhabi Bank, HSBC, JPMorgan, Mizuho, SMBC
MLAs: ADCB, Agricultural Bank of China, Bank of China, Barclays, Emirates NBD Capital, Goldman Sachs, ICBC, MUFG, NBK, Santander, Standard Chartered, State Bank of India
Lead Arrangers: Credit Suisse, ING, Morgan Stanley, Société Générale
Legal Advisers to the Borrower: Clifford Chance
Legal Advisers to the Bookrunners: Linklaters, Zamakhchary & Co.
Structured Loan Deal of the Year
Neom Green Hydrogen Co. Ltd.

USD5.7bn Neom Green Hydrogen Project Finance Loan
Issued: December 2022; Matures: 6 tranches with maturity ranging from 18 years to 30 years
Bookrunners/MLAs:, ADCB, Alinma Bank, APICORP, Banque Saudi Fransi, BNP Paribas, CA-CIB, DZ Bank AG London, First Abu Dhabi Bank, HSBC, JP Morgan, KFW IPEX- Bank GMBH, Korea Development Bank, Saudi British Bank, Mizuho, MUFG, Natixis, Norinchukin Bank, Riyad Bank, SMBC, Standard Chartered Bank, Saudi National Bank
Global Green Loan Coordinator: Standard Chartered Bank
Legal Adviser to the Borrower: White & Case
Legal Adviser to the JLMs: Allen & Overy
Advisors: ADCB, KFW IPEX-Bank GMbH, Indecs Insurance Consultants, Lazard, L&T Sargent & Lundy, Natixis, RINA, SMBC
Sponsors: ACWA Power, Air Products, NEOM Company
Mid-Cap Debt Deal of the Year
Arada Developments

USD350m 5-Yr Sukuk 8.125%
Issued: May 2022; Matures: May 2027
Bookrunners/JLMs: ADCB, Ajman Bank, Al Rajhi Capital, Dubai Islamic Bank, Emirates NBD Capital, Kamco Investment Company, Mashreq, Sharjah Islamic Bank, Standard Chartered Bank, Warba Bank
Legal Adviser to the Issuer: Allen & Overy, Walkers (Dubai) LLP
Legal Adviser to the JLMs: Clifford Chance
Islamic Syndication of the Year
Al Rajhi Bank and Investment Corporation

USD1.265bn Dual-Tranche Sustainability-Linked Commodity Murabaha Facility

Issued: Sep 2022; Matures: Sep 2025
Initial MLAs, Coordinators and Bookrunners: HSBC, SMBC
Legal Adviser to the Borrower: Hogan Lovells
Legal Advisers to the JLMs: Norton Rose, Mohammed Al-Ghamdi Law Firm
Islamic Structured Finance Deal of the Year
Moove Sukuk Company

USD30m Senior Secured, RegS, Private Placement Sukuk
Issued: February 2023; Matures: 2028
Bookrunners/JLMs: Franklin Templeton
Legal Adviser to the Issuer: White & Case, Walkers (Dubai) LLP
Legal Adviser to the JLMs:, Addleshaw Goddard (Middle East) LLP, Stibbe NV
Advisors: Loyens & Loeff NV, Norton Rose Fulbright, Walkers (Dubai) LLP
Acquisition Finance Deal of the Year
Crystal Port Holding

USD2.9bn Acquisition Financing
Issued: June 2022
Underwriters: Citi, JP Morgan
Coordinating Bookrunner: Citi, Deutsche Bank, Emirates NBD Capital, First Abu Dhabi Bank, JP Morgan, Standard Chartered Bank
Bookrunners/JLMs: Abu Dhabi Commercial Bank, CA-CIB, Export Development Canada (EDC), Scotiabank, Société Générale
Legal Adviser to the Issuer: Allen & Overy
Legal Adviser to the JLMs: Latham & Watkins
Sponsors’ Names: Caisse de dépôt et placement du Québec (CDPQ)
Leveraged Finance Deal of the Year
Advanced Inhalation Rituals

USD525m Acquisition Finance Facility
Issued: November 2022; Matures: November 2027
Bookrunners/JLMs: Commercial Bank of Dubai, Credit Suisse, First Abu Dhabi Bank, Mashreq, Standard Chartered Bank
Legal Adviser to the Borrower: Latham Watkins
Legal Adviser to the JLMs: Clifford Chance
Liability Management Deal of the Year
Sultanate of Oman

USD701.1m Cash Tender Offer via a Modified Dutch Auction Mechanism
Issued: June 2022
Dealer Managers: Citi, Goldman Sachs, HSBC
Legal Adviser to the Dealer Managers: Allen & Overy, AMJ
Legal Adviser to the Issuer: Dechert, MAQ
Obligor / Issuer Name: Sultanate of Oman
Local Currency Bond Deal of the Year
Emirates NBD

AED 1.0bn 3-year Bond
Issued: January 2023; Matures: January 2026
Bookrunners/JLMs: Emirates NBD Capital, HSBC, ICBC (Asia), ICBC Dubai, Mashreq
Legal Adviser to the Issuer: Clifford Chance
Legal Adviser to the JLMs: Linklaters
Infrastructure Finance Deal of the Year
Abu Dhabi Offshore Power Transmission Company

USD3.11bn Project Finance
Issued: September 2022
Bookrunners/JLMs: BNP Paribas, Export-Import Bank of Korea, JBIC, Mizuho, SMBC, Standard Chartered Bank
Legal Adviser to the Issuer: Hadef & Partners
Legal Adviser to the JLMs: Milbank
Sponsors: ADNOC, Electricite De France (EDF) Korea Electric Power Corporation (KEPCO), Kyushu Electric Power Company (Kyushu), TAQA
Lender’s Technical Advisor: Lummus Consultants
Lender’s E&S Advisor: ERM
Lender’s Insurance Advisor: Willis Towers Watson Brokers
Metals & Mining Deal of the Year
Aluminium Bahrain

USD1.7bn Sustainability-Linked Dual Tranche Islamic and Conventional Term Facilities
Issued: 2022; Matures: 2030
Bookrunners/JLMs: Bank ABC, GIB, National Bank of Bahrain
Legal Adviser to the Borrower: Latham & Watkins
Legal Adviser to the JLMs: Allen & Overy
Oil & Gas Deal of the Year
GreenSaif Pipelines Bidco

USD4.5bn 3-tranche Senior Secured Project Bond, Including Sukuk and Formosa Tranches
Issued: February 2023; Matures: 2032, 2038, 2042
Bookrunners/JLMs: ADCB, BNP Paribas, Citigroup, First Abu Dhabi Bank, HSBC, JP Morgan, MUFG Securities, SMBC Nikko Capital Markets
Legal Adviser to the Issuer: Simpson Thacher & Bartlett, Loyens & Loeff Luxembourg, Al Tamimi & Company
Legal Adviser to the JLMs: Milbank, Khoshaim & Associates, Arendt & Medernach
Legal Adviser to the Delegate as to English law: Linklaters
Sponsors: TMS Issuer S.à r.l. GreenSaif Pipelines Bidco S.à r.l., BlackRock Capital Markets
Vendor: Saudi Aramco
Power Finance Deal of the Year
ACWA Power

Marafiq Red Sea for Energy Company, USD1.3bn Senior Secured Project Finance Loan
Issued: February 2022; Matures: 2049
MLAs: APICORP, Al Rajhi Bank, Banque Saudi Fransi, Riyad Bank, The Saudi National Bank, SABB, Standard Chartered Bank
Legal Adviser to the Issuer: Covington & Burling
Legal Adviser to the JLMs: DLA Piper
Sponsors: ACWA Power (50%), SPIC Huanghe Hydropower Development (35%), Saudi Tabreed Cooling Company (15%)
Real Estate Finance Deal of the Year
Nakheel

AED17bn Term Finance Facility
Issued: June 2022; Matures: 2032
Bookrunners/JLMs: Dubai Islamic Bank, Emirates NBD, Mashreq
Legal Adviser to the Issuer: White & Case
Legal Adviser to the JLMs: Allen & Overy
Social Infrastructure Deal of the Year
NEOM Residential Communities

Issued: November 2022, February 2023, April 2023, May 2023; Matures: December 2030
Bookrunners/JLMs: Alinma Bank, Riyad Bank, SABB, Banque Saudi Fransi and Bank Al Jazira
Legal Adviser to the Issuer: Gowling WLG, Nexsoma, Covington, and DLA Piper
Legal Adviser to the JLMs: Bracewell, Pinsent Masons and Allen & Overy
Advisor: Synergy Consulting Infrastructure and Financial Advisory Services, MayCap Advisers, Cranmore Partners and RAM Inc Partners
Sponsor’s Name: Alfanar Company, Tamasuk Holding Company, Nesma Company Limited and Almutlaq
Structured Finance Deal of the Year
GreenSaif Pipelines Bidco

USD15.8bn 2-tranche Senior Secured Loan
Issued: February 2022
Bookrunners/JLMs: ADCB, Agricultural Bank of China, Bank of America, Bank of China, BNP Paribas, China Construction Bank, Citi, CA-CIB, FAB, HSBC, ICBC JPMorgan, Mizuho, MUFG, Natixis, Riyad Bank, Société Générale, Standard Chartered, SMBC
Legal Adviser to the Borrower: Allen & Overy, Simpson Thatcher
Legal Adviser to the JLMs: Clifford Chance
Advisor(tax): Deloitte
Advisor (technical and environmental): DNV
Sponsors: BlackRock Real Assets, Hassana Investment Company
Vendor: Saudi Aramco
Transport Finance Deal of the Year
Etihad Rail

AED1.99b Green Loan Term Facility
Issued: February 2022; Matures: December 2031
Bookrunners/JLMs: First Abu Dhabi Bank
Legal Adviser to the Issuer: Dentons
Legal Adviser to the JLMs: Clifford Chance
Advisor: White & Case (legal counsel to Emirate of Abu Dhabi)
Sponsor’s Name: The Government of Abu Dhabi (represented by The Finance Department of the Government of Abu Dhabi) & The UAE Ministry of Finance
Aircraft Finance Deal of the Year
Air Lease Corporation

USD 600m 144a/RegS Senior Unsecured Sukuk
Issued: March 2023; Matures: April 2028
JLMs/Bookrunners: Al Rayan, Bank ABC, Citi, Deutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, JP Morgan, KFH Capital, Warba Bank
Legal Adviser to the Issuer: Allen & Overy, Walkers (Dubai) LLP
Legal Adviser to the JLMs: Clifford Chance
Regional Investment Bank of the Year
Emirates NBD Capital

MENA Debt (Bonds & Loans) House of the Year
• Standard Chartered Bank

Sovereign, Supra, Agency Bond House of the Year
• HSBC

Corporate Bond House of the Year
• Citi

Financial Institution Bond House of the Year
• Standard Chartered Bank

Sukuk House of the Year
• HSBC

ESG Bond House of the Year
• Standard Chartered Bank

Local Currency Bond House of the Year
• HSBC

International Equity Capital Markets House of the Year
• Citi

Local Equity Capital Markets House of the Year
• Emirates NBD Capital

Loan House of the Year
• Emirates NBD Capital

ESG Loan House of the Year
• HSBC

Islamic Syndications House of the Year
• Emirates NBD Capital

Mid-Cap Debt House of the Year
• Mashreq

Leveraged Finance Bank of the Year
• First Abu Dhabi Bank

Structured Finance Bank of the Year
• First Abu Dhabi Bank

Sovereign, Supra & Agency Treasury & Funding Team of the Year
• National Debt Management Center (NDMC), Saudi Arabia

Quasi-Sovereign/GRE Treasury & Funding Team of the Year
• The Public Investment Fund

Bank Treasury & Funding Team of the Year
• First Abu Dhabi Bank

Project Sponsor of the Year
• ACWA Power

Best Global Sukuk Fund Strategy (1 Year)
• Arqaam Capital

Best Global Sukuk Fund Strategy (3 Years)
• Franklin Templeton

Best MENA Equity Fund Strategy
• FIM Partners

Best MENA Fixed Income Fund Strategy (1 Year)
• SICO

Best MENA Fixed Income Fund Strategy (3 Years)
• Franklin Templeton

Debt Capital Markets Legal Adviser of the Year
• Linklaters LLP

Banking & Finance Legal Adviser of the Year
• Allen & Overy LLP

Sukuk Legal Adviser of the Year
• Allen & Overy LLP

Islamic Banking & Finance Legal Adviser of the Year
• Allen & Overy LLP

Equity Capital Markets Legal Adviser of the Year
• White & Case LLP