Middle East Bonds
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Pricing inside fair value, says lead -
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No premium needed for $750m seven year sale
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Deal to refinance tier two of recent acquisition
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Fair value around 110bp-115bp over, says lead
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Real estate firm’s deal a rare example of sub investment grade corporate issuance from GCC
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The sovereign wealth fund paid no concession, but a lead conceded fair value estimates will vary widely
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Demand was nearly £4bn for the sovereign wealth fund's first ever debut in a new currency
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