Data Analyst Katrin Kostadinova highlights the most significant financial and corporate legal deals announced or closed in the last week
Americas
In the United States, Occidental Petroleum has received $3 billion in financing, arranged by JPMorgan Chase Bank. Proceeds will be used to refinance existing debt. The borrower is a natural gas exploration and a multinational petroleum company.
The Dominican Republic has undertaken a $1 billion 6.5% and RD$40 billion 8.9% bond offer. This is the first issue made by the Dominican Republic in their local currency and offered to international investors. Proceeds will be used for general budget purposes.
Asia-Pacific
The Export-Import Bank of India has issued $1 billion in senior notes. The issue comes as a latest in a string of bond issues made by the bank. The notes were listed on the LSE.
Meanwhile, the Singapore Post has established a S$1 billion multicurrency debt issuance programme. Proceeds will be used for general corporate purposes. The perpetual securities have no fixed maturities and could be issued in various amounts and with different coupon rates.
Europe, Middle East and Africa (EMEA)
A major gas sale agreement has been signed between Israel and Egypt for $15 billion. Delek Drilling and Noble Energy will export 64 billion cubic meters of natural gas from Tamar and Leviathan gas fields to Egypt. The agreement is for 10 years.
In Spain, CVC Capital Partners has acquired a 20% stake in Gas Natural for €3.82 billion from Repsol. The deal will enable the oil company to make new investments. Capital gains from the sale aggregated to €400 million.
Finally, moving on to Russia, VTB Infrastructure Investments has acquired a 29.1% stake in Magnit for $2.5 billion. Magnit will pay dividends and possibly consider a share buyback. The stake was sold by former CEO, Sergey Galitskiy.