FACTBOX-Mideast, N. Africa face $16 bln bond repayment in 2011

Wed Feb 23, 2011 11:17am GMT
 

 LONDON, Feb 23 (Reuters) - State-linked and private
companies in the Middle East and North Africa face over $16.2
billion in maturing international bonds this year, data from
Thomson Reuters shows.
 Borrowers domiciled in the United Arab Emirates have the
lion's share with over $5 billion in bond repayments. Egypt
alone has over $2.5 billion in bonds maturing between June and
July while Lebanon must repay $1.3 billion this year.
 Tunisia has a bond worth 450 million euros ($615 million)
maturing on April 7 and a 15 billion yen ($180 million) bond
repayment due on Sep 27.
 Over $13 billion in bonds maturing this year were issued by
either sovereign or borrowers with some state ownership.
 Some borrowers such as Gulf Investment Corp are backed by
more than one government.
 For an article on maturing Middle East/North Africa debt
click [ID:nLDE71L1VN].
 The following are key foreign-currency bonds expected to
mature this year, according to domicile of the borrower. Unless
indicated, the borrowers are privately held :
 
 UNITED ARAB EMIRATES: 

Emirates Airlines (state-owned):
 March 10: $500 million
 
Emirates Group (state-owned):
 Jun 21: S$250 million ($196 million)
 
Mubadala Development [MUDEV.UL] (state-owned): 
 Jun 1: S$25 million ($19.59 million)
 
Nakheel Development [NAKHD.UL] (state-owned):
 Jan 16: $750 million

Abu Dhabi Commercial Bank (ADCB.AD: Quote) (majority-state owned):
 Jan 13  1.3 billion UAE dirhams ($354 million) 
 Feb 14: HK$100 million ($13 million) 
 Apr 19: 300 million Swiss francs ($317 million)
 Nov 16  500 million British pounds ($811 million)
 Dec 5:  5.0 billion yen ($60 million)
Sharjah Islamic Bank (SIB.AD: Quote) (partly owned by Sharjah ruler):
 Oct 12: $225 million

Tabreed [NCCTAF.UL] (partly owned by state and ruler):
 Jul 20: $200 million
 
Mashreq Bank (MASB.DU: Quote): 
 Apr 6: $300 million
 
Emirates Bank:
 Mar 22: HK$150 million ($19.27 million)
 Apr 27: S$80 million sing ($62.70 million)
 Jun 15: 500 million euros ($683.4 million)
 
Bukhatir Investments:
 May 17: $50 million 
 
Dubai Infinity Holdings:
 Jul 14: 250 million Swiss franc ($264 million)     
 
 BAHRAIN:    
     
Arab Banking Corp ABCB.BH (Central Bank of Libya and Kuwait
Investment Authority hold combined majority stake):
 Jul 25: $300 million
BKK BBKB.BH (Bahraini and Kuwaiti rules hold stakes):
 Mar 17: $500 million
 
Diyaar Sukuk (partly owned by sovereign-backed Kuwait Finance
House (KFIN.KW: Quote)):
 May 17: $200 million
 
Welcome Break Plc (Investcorp private equity):
 Mar 1: 25 million British pounds ($41 million)
 Mar 12: 85 million British pounds ($138 million)
 
 EGYPT:
 
State of Egypt: 
 Jul 11: $1 billion
 
Petroleum Export Ltd [PTRXP.UL] (state-owned):
 Jun 15: $903.6 million
 Jun 20: $678 million
 
 ISRAEL:
 
State of Israel:
 Aug 15: $771 million

Israel Electric Corp (state-owned):
 May 30: $600 million 
 
Bank Hapoalim (POLI.TA: Quote) 
 Apr 25: $12 million     
 May 9: $13 million
 Dec 12: $10 million
 Dec 28: $10 million
 
Teva Pharmaceutical (TEVA.TA: Quote):
 Jun 15: $500 million
 
 KUWAIT:

Gulf Investment Corp [GULIN.UL] (jointly owned by Bahrain,
Kuwait, Oman, Qatar, Saudi Arabia and the UAE):
 Mar 15: HK$150 million ($19 million)
 May 30: 400 million euros ($547 million)  
 
Kuwait Investments Holdings (state-owned):
 Apr 12: $225 million
 Apr 12: $125 million
 
National Industrial Co for Building Materials:
 Oct 18: $100 million
 QATAR:
Qatar Petroleum Corp (state-owned):
 May 31: $650 million 

Commercial Bank of Qatar (COMB.QA: Quote): 
 Oct 12: $500 million  
 
 LEBANON:
State of Lebanon: 
 May 20: $1 billion
 Sep 26: $325 million
 
 SAUDI ARABIA:
 
Riyad Bank (1010.SE: Quote) (partly owned by ruler): 
 Apr 26: $500 million
 
Samba Financial Group (1090.SE: Quote) (partly owned by ruler):
 May 31: $500 million
 
Saudi British Bank (1060.SE: Quote):
 Apr 13: 325 million euros ($444.2 million) 
 
 TUNISIA
 
Banque Centrale de Tunisie [BTSN.UL]:
 Apr 7: 450 million euros ($615 million)
 Sep 27: 15 billion yen ($180 million)
 
  (Writing by Sebastian Tong; data from Thomson Reuters, editing
by Sujata Rao)








 
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