The Bank conducted a second transaction for Amana Group the same year, providing it with trade facilities to support a major construction project for Brazil s Brasil Foods in Abu Dhabi. Based on the close collaboration of corporate and trade solutions teams in Brazil and the Middle East, the deal underlined the strength of BNP Paribas global network and supported its new initiative to build bridges between the Middle East and Latin America.
The Bank demonstrated its deep project bond experience again in 2013, by acting as joint lead manager and joint book runner on a project bond for the refinancing of Ruwais Power Company PJSC (Shuweihat 2), a critical power generation and desalination plant in Abu Dhabi. The deal was the Middle East s first project bond issuance of the year and the first- ever for a facility of this type.
Also in 2013, BNP Paribas acted as sole co-ordinating book runner and documentation agent on revolving facilities for General Holding Corporation (SENAAT), one of the UAE s largest industrial holding companies. The deal allowed the client to refinance a previous transaction co-ordinated by BNP Paribas in 2011.