GIB Capital wins 'Best Mideast bond house' award
RIYADH, June 30, 2018
GIB Capital, the Riyadh-based regional investment banking and asset management arm of Gulf International Bank (GIB), said it was recognised as “The Best bond house in the Middle East” at the EMEA Finance’s Middle East Banking Awards 2017.
The awards were announced at EMEA Finance Achievement Awards Charity Dinner held recently in London.
GIB Capital also won the following top honours at the event:
*Best sovereign bond in the Middle East: Bahrain's $3 billion multi-tranche Sukuk and conventional issuance
*Best sub-sovereign bond: Nogaholding's debut 10 year $1 billion issuance
*Best corporate Sukuk: Saudi Aramco's debut SR11.25 billion floating rate sukuk
*Best sovereign Sukuk: Oman's debut $2 billion sukuk
*Best Privatisation Deal by Saudi Arabia’s GACA
Roderick Gordon, the head of Debt Capital Market, was also awarded ‘the Dealmaker of the Year award’ at the ceremony.
This award is nominated by parties including banks and their clients, and chosen by the EMEA Finance editorial team.
GIB Capital achieved a number of milestones last year. Acting as joint lead manager and joint bookrunner, GIB Capital successfully priced a $12.5 billion multi-tranche bond issuance for Saudi Arabia, on behalf of the Ministry of Finance.
The transaction is the third largest sovereign issuance ever completed and the largest sovereign issuance in 2017, as well as the largest emerging market bond transaction in 2017.
In addition, GIB Capital was the joint lead manager and joint ookrunner for the successful pricing of a $3 billion multi-tranche bond issuance for Bahrain, represented by the kingdom's Ministry of Finance, said the statement from GIB.
This was Bahrain’s largest ever syndicated debt capital markets transaction, drawing in excess of $15 billion of demand, it added.-TradeArabia News Service
