Emirates SembCorp to announce Fujairah 1 project bond – Fujairah – UAE




The bond would come less than two weeks after the launch of a $3 billion project bond by a subsidiary of Abu Dhabi National Oil Company (ADNOC) which, having attracted orders in excess of $11 billion while it was being marketed, showed investors’ appetite for these issues. Such debt instruments are relatively new financing tools in the Middle East, where projects have traditionally been financed through bank loans because of banks’ high liquidity before oil prices dropped three years ago. Citigroup and HSBC are expected to lead the transaction, said the sources. The desalination plant, called Fujairah [
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Emirates SembCorp to announce Fujairah 1 project bond – Fujairah – UAE2017-11-09T15:40:47+01:00

SWCC hired BNP Paribas advising on sale of Ras Al Khair desalination plant – Saudi Arabia – Riyadh

DUBAI (Reuters) – Saudi Arabia’s Saline Water Conversion Corporation (SWCC) has hired BNP Paribas (BNPP.PA) to advise it on the sale of its $7.2 billion Ras Al Khair desalination plant, a source close to the matter said on Thursday. The desalination and power plant is one a number of state assets that the government is selling as part of a privatization drive to reduce pressure on its capital spending and to diversify government revenues away from oil. SWCC did not immediately respond to a request for comment. BNP Paribas declined to comment. The plant, which has been operational since [
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SWCC hired BNP Paribas advising on sale of Ras Al Khair desalination plant – Saudi Arabia – Riyadh2017-09-29T12:55:44+02:00
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