International accounts nourish Gulf lines, as Boubyan wins $4.9bn order book

By Ross Lancaster
12 Feb 2020

Foreign investors maintained their strong bid for Gulf bonds this week, taking half the allocations for a $750m five year sukuk deal from Boubyan Bank.

A3/A/A+ rated Boubyan allocated 49% of its bond to Asian, European, UK and offshore US accounts. The rest went to MENA accounts. Last week, Qatar National Bank achieved an even bigger skew, selling only 1% of its seven year trade to Gulf Co-operation Council (GCC) investors.

“Asia is ...

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