Print This Page
 
Email Downloads Login Site Map
Home

About Us

Proprietary Business Services

Our Team

Careers

Contact us
             
Chescor Capital has advised Tabreed since 1999, when it was first appointed to propose a long term strategy for funding Tabreed’s capital expenditure program. By mid-2008 and in the UAE alone, Tabreed will have built about 35 district cooling plants costing some U$930 million, and financed by:

  • US$252 million of equity, including equity from JV partners and hybrid products
  • U$678 million of debt raised on a multitude of bases: conventional and Islamic financing, syndicated and bilateral loans, and two issues of sukuk.

Snapshot of our assignments for Tabreed:

  • Overall financing strategy (1999-ongoing)
  • US$80 million syndicated conventional debt & Islamic facilities (2000)
  • US$190 million syndicated conventional debt (2003)
  • US$40 million conventional debt facility for Tabreed Bahrain (2005)
  • US$200 million Sukuk (2006)
  • Interest rate hedging strategies
  • S&P rating support
  • Strategic advice, business planning, financial models for Tabreed UAE, Qatar, Bahrain, Oman, Kuwait, Jordan and KSA
  • Pricing models and tariff setting
  • Strategy for international expansion
  • Acquisitions, disposals and joint ventures
  • Assignments in progress for conventional and or Islamic debt facilities, loan expansions, refinancing, hybrid and convertible products etc.

“Our history with Chescor Capital goes back a long way.  I cannot think of one effort that did not succeed. Chescor Capital has contributed much to the success of Tabreed.”

Karl Marietta,
Chief Financial Officer of Tabreed,
27 May 2006

 
© 2008 Chescor Capital. All rights reserved.