ME appetite stays as CBD draws $2.6bn book
Commercial Bank of Dubai took advantage of the low number of deals printed from the Middle East since the start of April to price its $500m five year Eurobond on Tuesday from a book of $2.6bn — demand that is much larger than Russian deals are now drawing.
Citi, HSBC and National Bank of Abu Dhabi arranged the note.
"There has been a ton of supply from Turkey, Ukraine and Russia.
"Theres been so much from Russia that the most recent books have been barely covered, but the Middle East isnt suffering from the same problem,"
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