Al Khalij Commercial Bank (Al Khaliji) Q.S.C. was a leading participant at the recently held Syndicated Lending Middle East Conference (‘Financing in a New Era’) held over 2 days at the Conrad Hotel in Dubai, U.A.E.
The prestigious conference was attended by international and regional senior banking professionals (including Global Heads) in Syndicated / Structured Finance and Debt Capital Markets businesses. On the borrower side the region’s leading CFOs, Treasurers, Finance Directors, Institutional Investors, Private Equity Houses and their professional advisers were also in attendance.
The conference covered a broad range of topics related to the Syndicated Loan and Debt Capital Markets focusing on the fast changing dynamics of the markets on regional and global basis.
Al Khaliji featured as one of the leading Mandated Lead Arrangers (MLA) of syndicated loans in 2013, successfully structuring and arranging loans for its preferred customers in Qatar and the GCC. This demonstrates the strong intellectual capital within Al Khaliji and the continued successful evolution of the franchise. Clients continue to select Al Khaliji (as a Mandated Lead Arranger) to structure their large and complex finance requirements highlighting the trust that the banks’ preferred customers have in Al Khaliji. This strong level of intellectual capital and client confidence will allow Al Khaliji to continue to play a leading role in helping to finance the key infrastructure projects in Qatar, its home market. Al Khaliji has recently won contracts to support and finance the development of new roads, museums as well as some of the new Metro related projects in Qatar, and will continue to support fully the State of Qatar’s National Vision 2030.
Muhammad Jawaad Chawla, Head of Regional Corporate and Structured Finance at Al Khaliji, participated as a key speaker at a session on Regional Bank Lending that covered a broad range of topics including: existing and expected activity levels in the Syndications market & associated liquidity / margin levels, regional banks response strategy to bond issuance and the interplay with syndicated loans, Syndication growth potential in Qatar and How are the private sector companies funding themselves in the region where are the smaller players going for funding?
Muhammad Jawaad Chawla said, “The syndicated loan and debt capital markets industry in the Middle East region is changing and developing, matching the increasing levels of sophistication and demands of borrowers in Qatar and the GCC. Regional banks have strong levels of liquidity and are actively seeking to lend to the right customers at optimal risk/return levels. Furthermore, a number of key international lenders are becoming active in the GCC. The first quarter of 2014 is expected to reveal, through the coming of some key borrowers to the syndicated loan market, the pricing trends that will set the tone for the rest of the year.”
Al Khaliji has a strong pipeline of syndicated loans that it structured for preferred clients and built to accommodate new activity anticipated in the coming months. In addition to delivering innovative financial solutions to its customers, it reinforces Al Khaliji as one of the leading arrangers of syndicated finance from within the wider Middle East region.
Muhammad Jawaad Chawla continued, “Al Khaliji remains committed to its customers within Qatar and the GCC and will continue to support their borrowing and growth needs through the provision of financing solutions and services. Al Khaliji itself also successfully came to the debt capital markets with a $500m 5-year senior unsecured bond under its newly established $750m EMTN Programme. The transaction was very well received being 7 times oversubscribed and distributed to a highly diversified investor base in terms of both industry and geography which underlines the confidence the investor has in the strength of both Al Khaliji’s performance and its brand.”
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