Middle East Bonds
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Member economists of the crowdsourced online tool for assessing sovereign risk, Euromoney Country Risk, believe that Jordan’s prospects have lifted over the past year.
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The Hashemite Kingdom of Jordan printed its first non-US guaranteed standalone deal from the country for five years on Tuesday, and at a tight price. -
Multilateral development bank Gulf Investment Corp (GIC) has yet to open books on a dollar bond after finishing a roadshow on Monday. But the delay was not a sign of wider Middle East uncertainty, said the leads on the trade.
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The Hashemite Kingdom of Jordan has released initial price thoughts of 6.75% area for a new January 2026 bond. The bond is the country's first international deal in five years not to have a US government guarantee, according to Dealogic data.
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Peter Bakos has joined the debt finance group at Bank Muscat in Dubai to head its cross border business development.
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National Bank of Oman has mandated five banks for a dollar perpetual additional tier one (AT1) bond and is starting the roadshow for the deal on November 5.
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The Commercial Bank of Dubai has mandated six banks to arrange a Reg S dollar benchmark bond, and is starting the roadshow for the deal on Thursday.
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Lebanon has priced a triple-tranche Eurobond, which includes its longest ever dollar deal.
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Majid Al Futtaim (MAF) printed a 10 year sukuk flat or even inside its curve this week, Lebanon started execution on a triple-tranche Eurobond, and other Middle East issuers joined the pipeline as momentum in the market continues to build.
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Lebanon was the only CEEMEA name to step into the market post US Federal Reserve meeting on Thursday. Debt bankers involved in the triple tranche trade said domestic demand would cushion the transaction against any broader bearishness.
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Majid Al Futtaim (MAF) priced its latest 10 year sukuk flat or even inside its secondary curve, according to bankers on and away from the deal.
