Middle East Bonds
-
Middle East bonds have sold off further on Monday morning as tensions between Iran and Saudi Arabia escalated and Chinese stock markets fell, damming the flow of bonds from the region that had been expected. -
Qatar National Bank priced its first Australian dollar deal on Tuesday.
-
-
-
Another week, another couple of difficult Middle East deals for the CEEMEA market. Bahrain and International Bank of Qatar hit the sizes they wanted but found that pricing stuck stubbornly at initial price thoughts, with international investors beginning to close up shop for 2015.
-
A 12 month roller coaster ride for US rates expectations has ended with the 10 year Treasury yield back where it started, and in the meantime the CEEMEA bond market has been turned on its head for completely unrelated reasons.
-
International Bank of Qatar (IBQ) has priced a $500m five year debut international bond deal. Although the lender hit its target on size, it became the fourth Middle East issuer in row to price a deal at the same level as initial price thoughts.
-
International Bank of Qatar (IBQ) opened books on a five year conventional debut deal on Wednesday morning as the Middle East keeps primary market supply running.
-
Bahrain took $1.5bn from a dual tranche deal this week. But despite the unusual size of each tranche and the lack of price tightening, rival bankers kept their knives sheathed in recognition of how difficult the Middle East market has become.
-
The fate of three Middle East mandates this week spoke volumes about the state of that market, as issuers chase dwindling liquidity into the last weeks of 2016.
-
-
Debt bankers and analysts are expecting Saudi Arabia to tap the international markets for some $5bn in 2016, but BNP Paribas analysts warn that the sovereign entrance is going to hit the secondary levels of other Saudi borrowers.
