Verus Partners advisor for nogaholding’s first global bond issuance
Verus Partners, in its capacity as financial advisor for nogaholding; has played a key role in the successful close of the inaugural bond issue for nogaholding on 25 October 2017. nogaholding, the investment and development arm of Bahrain’s National Oil and Gas Authority (NOGA) announced the establishment of its US$ 3 billion, 144A/Reg S, Global Medium-Term Note (GMTN) Programme, and the successful close of its inaugural issuance of USD $1 billion notes thereunder. With a maturity date in 2027, the notes were rated at the sovereign level and substantially oversubscribed, with the order book reaching US$ 3.8 billion.