UAE-based Mashreq has priced its inaugural CNH 1 billion three-year senior unsecured Dim Sum bond at a fixed coupon of 2.50 percent. The orderbook peaked at CNH 2.3 billion, representing an oversubscription of more than two times.
Dubai Aerospace Enterprise (DAE) plans to raise $2.1 billion to meet working capital requirements, according to a Bloomberg report cited by Zawya. The seven-year loan will be arranged by major institutions including Bank of China, ICBC, and China Construction Bank (Asia). The financing will be split into US dollar and UAE dirham tranches.
A joint venture between China's Sinohydro and Egypt's Elsewedy Electric has secured a $2.2 billion EPC contract for a 2.3-gigawatt gas-fired power plant in Saudi Arabia. The Rabigh 2 IPP expansion facility is backed by ACWA Power and Saudi Energy, with commercial operations planned for May 2029. Financing includes $2.58 billion in long-term debt backed by 14 lenders, including the Industrial and Commercial Bank of China.
Qatar National Bank has secured a $2.5 billion, five-year syndicated loan facility following strong demand from international and regional lenders. Industrial and Commercial Bank of China and other multinational institutions served as mandated lead arrangers and bookrunners.
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