The Emirates National Oil Company Group (ENOC) has won the Syndicated Loan Deal of the Year Award by a Debut Borrower at the recent Bonds, Loans & Sukuk Middle East 2015 Awards.
ENOC, earlier this year, secured a $1.5bn term debt syndicated facility from local, regional and international banks.
The nine-year USD and AED financing was fully underwritten by Emirates NBD, Commercial Bank of Dubai, Dubai Islamic Bank, Mashreq Bank, Noor Bank, Abu Dhabi Islamic Bank and Standard Chartered Bank.
“We are honoured to receive the Syndicated Loan Deal of the Year Award that has recognised us for our multi-currency general corporate purposes syndicated loan facilities deal. This award comes at an apt time as the Group continues its successful expansion to become an international oil and gas player,” Petri Pentti, Group CFO, ENOC, who received the award, said.
“Enoc is known as one of the most stable companies with a strong financial heritage based on sound decision-making. Over the past two decades we have worked hard to create a reputation for being a trustworthy and reliable energy partner in the region,” Pentti said.
The event brought together over 300 prominent industry professionals to recognise outstanding achievement and excellence in the Middle Eastern and Islamic capital markets.
