The dual-tranche (conventional and Islamic) sustainability-linked loan was based on a Secured Overnight Financing Rate (SOFR) with a maturity date of September 2026
Most stock markets in the Gulf fell in early trade on Monday, tracking oil prices lower ahead of a U.S. Federal Reserve meeting as investors tried to gauge the central bank's appetite for further rate hikes.
Bahrain s Bapco Energies (formerly nogaholding) has announced that it has clinched two international awards - the Best Islamic Finance Facility and ESG Loan Deal of the Year - for its $2.2 billion sustainability-linked corporate financing facility.