Middle East FIG MTNs flow

Middle East Fotolia 230x150
By Frank Jackman
13 May 2019

MTNs from Middle Eastern banks have flowed freely over the last week, with borrowers printing a range of currencies to take advantage of basis swap opportunities, amid little competition from European financials, say bankers.

“As much as this activity is down to them being open, active and engaging, there is a distinct lack of competition,” said one banker. “There are so few issuers bringing this level of engagement, and investors have no choice but to focus on these names. It’s good for ...

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