ME banks back in force as FAB prints, DIB launches

Francesca Young

January 16, 2019 12:45 pm

UAE AS 230x150 — DUBAI, UAE - OKTOBER 10: Modern buildings in Dubai Marina, Dubai, UAE. In the city of artificial channel length of 3 kilometers along the Persian Gulf, taken on 10 Oktober 2014 in Dubai. | Alexandr Vlassuyk www.alexandrst/Alexandr Vlassyuk - stock.adobe.com

First Abu Dhabi Bank printed its $850m five year sukuk on Tuesday, increasing the deal size from an expected $750m and paving the way for an additional tier one trade from Dubai Islamic Bank on Wednesday. The deals are the first bank trades from the Middle East this year.

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Topics

United Arab Emirates Middle East Emerging Markets EMEA FIG EM Middle East GCC Middle East Bonds

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Francesca Young