Mazoon makes mark inside sov curve as EMBI eligibility eyed

By Francesca Young
02 Nov 2017

Oman electrical distribution company Mazoon managed to print a $500m 10 year sukuk inside its sovereign’s curve on Wednesday as investors pounced on rare corporate JP Morgan Emerging Market Bond Index (EMBI) eligible paper from the Middle East.

The $500m 10 year sukuk was priced at the tight end of price guidance on Wednesday, with books hitting over $5bn for the note. Initial price thoughts for the sukuk started at mid to high 5% before being tightened to 5.5% area and then 5.2%-5.25%. It was then ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.