Middle East Bonds
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The wealth fund hopes to secure a funding arbitrage compared to dollars -
Recent Gulf euro issuance has been 'very tightly priced' to dollars
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The new government bonds provide a fresh and helpful benchmark for Kuwait's issuers
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Investors from outside of the Middle East formed the majority of the book
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Sukuk from Egypt, priced on Tuesday, have proved just as popular in the secondary market as it was in syndication
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Sovereign to price bonds through Saudi Arabia, but back of Abu Dhabi and Qatar
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Investors have awaited Kuwait's return to the market it passed a debt law in March
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Emirate prices far inside best US corporates
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Less illustrious issuers may struggle to repeat Qatar bank's outcome, and more expensive euro funding would crimp interest
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Saudi mortgage provider will offer a premium to its sovereign, and deal will carry a guarantee
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The emirate could break EM reoffer spread records, and has broken those for CEEMEA
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The spread was tight, despite the deal's large size
