Middle East Bonds

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.

Hikma Pharmaceuticals is out with guidance for its debut offering. The bond will be the first senior unsecured offering from Jordan since 2010.

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.

Narjess Aschi has been appointed Citi’s new head of financial institutions corporate banking for the Middle East and North Africa.

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.

QNB Finance has sold a rare series of medium term notes in renminbi, capitalising on a favourable dollar basis swap with the Chinese currency.

Narjess Aschi has been appointed Citi’s new head of financial institutions corporate banking for the Middle East and North Africa.

National Bank of Abu Dhabi tops the international sukuk league table at the end of the first quarter, following the third biggest month ever for issuance, but less than $100m separates the top four banks.

The sukuk market may not have long to wait for a follow-up to Emirates Airlines’ unique export credit agency (ECA) backed sukuk, which brought the issuer diversification, demand and pricing that it had never before experienced, according to bankers on the deal.

National Bank of Abu Dhabi has been left off the mandate to lead Egypt’s return to the capital markets, Global Capital understands.

Emirates Airlines took the export credit agency (ECA) sukuk guarantee for a successful test flight this week, delighting bankers hoping to make the product a regular occurrence.

National Bank of Egypt has sent out a request for proposals for a Eurobond, according to bankers.