Middle East Bonds
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Dubai’s Noor Bank has mandated eight banks to arrange its debut benchmark dollar sukuk and has set roadshow dates.
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Dubai’s Noor Bank has mandated eight banks to arrange its debut benchmark dollar sukuk and has set roadshow dates.
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Bahrain’s Ahli United Bank has mandated Goldman Sachs, HSBC and Morgan Stanley to arrange a tier one dollar bond.
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National Bank of Abu Dhabi has been left off the mandate to lead Egypt’s return to the capital markets, GlobalCapital understands.
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Hikma Pharmaceuticals priced the first international Jordanian corporate bond in over a decade on Wednesday, finding decent demand despite not naturally fitting any one investor base.
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National Bank of Kuwait made its first appearance in the capital markets since 2002, bypassing senior unsecured to sell a $700m additional tier one trade on Wednesday.
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Hikma Pharmaceuticals is out with guidance for its debut offering. The bond will be the first senior unsecured offering from Jordan since 2010.
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Central Bank of Bahrain has launched a new wakala instrument, aimed at absorbing excess liquidity among local Islamic banks, an official at the central bank told IFIS.
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Narjess Aschi has been appointed Citi’s new head of financial institutions corporate banking for the Middle East and North Africa.
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National Bank of Kuwait is marketing its first Basel III compliant additional tier one security at high 5% area. This is BNK’s first appearance in the international market since 2002.
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QNB Finance has sold a rare series of medium term notes in renminbi, capitalising on a favourable dollar basis swap with the Chinese currency.
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Narjess Aschi has been appointed Citi’s new head of financial institutions corporate banking for the Middle East and North Africa.