Bloomberg News

MENA Syndicated Loans to Rise in 2012, StanChart’s Perry Says

December 13, 2011

Dec. 13 (Bloomberg) -- Syndicated loans in the Middle East and North Africa are likely to rise to about $30 billion or $40 billion in 2012 from about $25 billion this year helped by the need to refinance loans, Standard Chartered Plc said.

“Next year is looking very interesting,” especially because of some of the refinancing deals coming up in Dubai and infrastructure spending in Qatar, Steve Perry, Standard Chartered’s head of syndications for the Middle East, North Africa and Pakistan, told reporters at a conference in Dubai today.

Syndicated loans volume fell this year because of lower refinancing needs and due to the collapse of some large buyout deals, he said.

To contact the reporter on this story: Arif Sharif in Dubai at asharif2@bloomberg.net

To contact the editor responsible for this story: Inal Ersan at iersan@bloomberg.net


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