53 per cent surge in MENA borrower loans in 2018

Muscat, JAN 6 – Bloomberg has published its EMEA Capital Markets Tables, representing the top arrangers, bookrunners and advisors across various deals including syndicated loans, bonds, equity and M&A transactions in 2018. Key highlights for the Middle East and North Africa (MENA) region for include:
• In syndicated loans, total MENA borrower loans increased by 52.8 per cent to $127.2 billion compared to 2017. This is the highest amount on record, surpassing the previous high set in 2007. First Abu Dhabi Bank ranked as the top MENA borrower loans bookrunner for FY 2018 with 8.85 per cent of credited market share. HSBC and Standard Chartered ranked second and third with 7.16 per cent and 6.91 per cent of credited market share, respectively. Saudi Arabian-based borrower’s leads the rankings with 35.54 per cent market share, followed by UAE and Oman -based borrowers with 27.61 per cent and 9.9 per cent respectively.
• In bonds and sukuk, total MENA credited volume decreased by 12.8 per cent to $86.5 billion, compared to 2017. This is the second highest amount on record, with the highest recorded in 2017. Standard Chartered Bank ranked as the top MENA bonds and sukuk underwriter for FY 2018 with a market share of 16.46 per cent. HSBC and Citi ranked second and third, respectively, with a market share of 9.84 per cent and 8.27 per cent. UAE-based issuers led with 25.34 per cent market share, followed by Qatar and Saudi Arabia-based issuers with 23.35 per cent and 19.87 per cent, respectively.
• Global Islamic financing increased by 14.6 per cent to $32.95 billion compared to 2017. Dubai Islamic Bank is the top bookrunner with 9.55 per cent of credited market share.
International sukuk credited volumes decreased by 14.2 per cent to $25.06 billion compared to 2017. HSBC held the top underwriter spot with 13.54 per cent of market share.