STRUCTURED FINANCE & SYNDICATION
New Foundations for Structures Zain Zaidi Head of CEEMEA Loans and Leveraged Finance at Citi describes the present and expected regional landscape for structured finance and syndication, highlighting some of the key markets and sectors where activity is set to increase including interesting hybrids of real-estate with other collateral, but also pointing out that small and mid-sized businesses may find access to the regional capital markets a little less quick
A
re you noticing greater demand for structured financing as we move further into the postpandemic economic landscape? Middle East markets have reverted to being fairly benign and borrower friendly, however, we do continue to see greater demand for structured finance driven by a few factors: Certain sectors, spaces and countries still haven’t seen appetite revert in the same way and are looking at structured financings to raise funding Some clients are looking to access alternative pools of liquidity in order to either preserve bank market capacity and / or get duration without going to public markets Investors are hungry for yield and if a structured/ bespoke financing offers a pick-up over public securities or plain vanilla syndicated loans, there are an increasing number of investors keen to take on these deals There are more investors willing to go further down the capital structure and consider quasi-equity instruments in search of yield
18
Zain Zaidi Head of CEEMEA Loans and Leveraged Finance, Citi
Banking and Finance news in the MEA market
