Bapco Energies wins multiple international awards for $2.2 bln sustainable credit facility deals

Bapco Energies wins multiple international awards for $2.2 bln sustainable credit facility deals

- Awarded “Best Islamic Finance Facility” award for refinancing and upsizing the USD 2.2 bn Murabaha Facility

- Bapco Energies also awarded ESG Loan Deal of the Year by the GFC Media Group in their annual Bonds, Loans & Sukuk Middle East Awards

- Success reflects Bapco Energies sustainable ambitions and contributions to Islamic Finance and ESG loans

Manama, Bahrain: Bapco Energies received two international awards in recognition for its first sustainability-linked corporate financing facility and contributions to both ESG and the Islamic Finance sector.

The Company was awarded the Best Islamic Finance Facility Award, during the 15th edition of the EMEA Annual Achievement Awards 2022 and ESG Loan Deal of the Year from the GFC Media Group at their annual Bonds, Loans & Sukuk Middle East Awards.

The awards follow Bapco Energies successful refinancing of its USD 1.6 bn Murabaha Facility and upsizing it to USD 2.2 bn. The new facility, the first of its kind for Bapco Energies and the largest in sustainability-linked finance in the Kingdom of Bahrain, was structured as a dual-tranche (conventional and Islamic) sustainability-linked loan.

The transaction demonstrated high investor confidence in Bapco Energies credit and sustainability story, with interest from international, regional, and local banks leading to an oversubscription