Abu Dhabi-Mubasher: National Bank of Abu Dhabi (NBAD) raised AED 73.38 billion from bond, Sukuk and syndicated loan markets for UAE clients in 2015, beating other domestic or international banks, according to Dealogic.
“Providing UAE borrowers with access to cost effective international liquidity is a key pillar of our financing proposition and I am pleased that we have led so many landmark fundraisings for UAE clients during 2015,” said Andy Cairns, Managing Director and Global Head of Debt Origination & Distribution at NBAD.
This year, NBAD has book-run the UAE’s three largest bond and Sukuk issuances, for Ras Al Khaimah, Dubai Islamic Bank and itself.
NBAD has also acted as bookrunner on bonds and Sukuk this year from UAE corporate issuers, for Majid Al Futtaim, DP World, Etisalat and Emirates.
In the syndicated loan market, NBAD was global coordinator and bookrunner on the year’s largest completed deal to-date, TAQA’s $3.1 billion fundraising.
The bank announced being a bookrunner and global facility agent on the transaction of $4.9 billion syndicated loan last week for Emirates Global Aluminium.
