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AND- Adnoc and Austria’s OMV secured financing from international lenders for the planned merger of Borealis and Borouge
ADQ upsized its loan from USD 4 bn initially on strong demand
Some USD 127 bn is benchmarked to GCC equities through MSCI indices
Bahrain’s Arcapita launched a GCC industrial assets platform, while Kuwait’s Arzan Investment Management secured funding for hospitality investments
Plus: DAE sounds out banks for sukuk
This is the second such transaction between Davidson Kempner and the local lender
The issuance saw USD 18.5 bn in orders and was more than five times oversubscribed
The fresh financing is earmarked for expansion
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