Deutsche Bank

Damac Real Estate Development’s debut sukuk helped get Middle Eastern capital market volume off to a strong start for the second quarter, as the company priced a bigger than expected $650m inside guidance late on Wednesday, with over $2.7bn of orders.

Thursday is set to see the first senior unsecured supply of the week, with two euro deals expected to price in the afternoon. Sparebank 1 SR-Bank is selling a seven year benchmark while UniCredit is set to price a three year floater.

The Maldives has once again hit bankers’ radars after private equity firm Blackstone sealed a $150m loan last week, refinancing the funds it took less than a year ago to buy stakes in two seaplane operators in the island nation.

Chinese technology company Baioo Family Interactive priced its HK$1.52bn ($196m) debut on Thursday, despite global comps dropping by as much as 16% through the marketing process.

The Islamic Republic of Pakistan met investors this week as it looks to return to the international bond market. But while the issuer’s fundamentals are improving, it will still have to work to win over investors, writes Isabella Zhong.

More details about Monier’s €415m high yield bond offering have emerged. The French maker of roofing materials will meet investors until Wednesday, April 9, to market the bond, which, together with €250m of loans, will replace its previous capital structure before a potential initial public offering.

Deutsche Bank sold 30m shares of Germany’s Gagfah through a block trade worth €330m on Tuesday night.

Bank of America Merrill Lynch has made a double hire from Deutsche Bank, adding Adrien de Naurois and Hiren Gudka to its SSA team.

Tullow Oil, the UK company that explores for oil in Africa, is planning to price a $500m high yield bond on Thursday.

Damac Real Estate Development has launched $650m of sukuk – more than the planned $500m – and set the deal well inside initial guidance.

Saudi Electricity Co sold $2.5bn of dollar sukuk late on Tuesday – its biggest ever offering – inside initial guidance.

Oil India is looking to issue its first bond in the dollar market as market conditions improve for Indian credits.