Emirates NBD
Last year was a busy one in Asia for Emirates NBD. The Dubai-based full-service bank, which has branches in Singapore, China and India, and across the Middle East, was co-arranger on a November 2017, $740 million credit facility for Mercuria Energy, with the capital set aside by the Swiss energy and commodities group for use across its Asian operations. The oversubscribed deal included investor meetings in Dubai, Shanghai, Singapore and Abu Dhabi.
Emirates NBD was also busy in the debt capital markets last year, helping Adani Ports, a leading Indian conglomerate, to issue $500 million-worth of five-year US dollar-denominated bonds and enabling two of Indonesia’s top manufacturers, garment maker Pan Brothers and tanker owner-operator Soechi Lines, each to raise $200 million using bond sales. It was also joint bookrunner and lead arranger on a two-part, $730 million revolving credit facility for Singapore-based Puma Energy.
But it is the bank’s comprehensive and long-standing commitment to Asia – where it helped to complete $3.6 billion-worth of capital markets deals in 2017 – that really makes it stand out.
Emirates NBD has notably strong corporate connections in south Asia, where it has $2 billion in total loan exposure to Middle East firms doing business in India, and Indian corporates that invest in the Middle East, including Larsen & Toubro, Aditya Birla and Vedanta Resources.
Emirates NBD is a solid financial partner in Asia, doing the heavy lifting as well as high-end deals – and doing them well.
It processed 150,000 payment transactions in the Asia-Pacific region in 2017, according to bank data, completed four derivatives transactions worth $1.56 billion for a Singapore client, and provides 11% of all the letters of credit and guarantees for UAE firms working in Asia.