Middle East borrowers find oasis of demand in hot market

Middle East Fotolia 230x150
By Lewis McLellan
12 Sep 2019

Emaar Properties showed there is a strong appetite for sukuk paper with its trade this week, joined in the market by Bank of Sharjah, which was able to raise $600m, setting the stage for a third Middle East issuer to tap the market next week.

Ahli Bank is set to follow its Emaar Properties and Bank of Sharjah into the dollar market next week, picking banks for a five year dollar bond.

The borrower, a Qatari bank part owned by the state investment authority, has selected Al Khaliji, Barclays, Mizuho, QNB ...

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