Middle East Bonds
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Emirates NBD printed a €550m seven year bond on Tuesday, a breakthrough for Middle East banks in the euro market. But bankers said they are uncertain whether other issuers will now follow. -
The Bank of Bahrain and Kuwait (BBK) has taken over $800m of orders for its five year Eurobond. The deal is due to price later on Tuesday.
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United Arab Emirate Ras Al Khaimah has set roadshow dates for its second ever international sukuk deal.
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The bookrunner league tables for international sukuk are skewed by huge lead manager line ups and low overall volumes and need to be taken with a pinch of salt.
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The bookrunner league tables for international sukuk are skewed by huge lead manager line ups and low overall volumes and need to be taken with a pinch of salt.
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United Arab Emirate Ras Al Khaimah has set roadshow dates for its second ever international sukuk deal.
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The Bank of Bahrain and Kuwait has released price guidance for its first bond for five years.
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Emirates NBD has released price guidance for a euro benchmark which bankers hope will act as a market opener for Middle East banks, but the talk looks generous, according to rivals.
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Emirates, the airline, is holding calls with potential accounts ahead of its UK guaranteed international sukuk, but is unlikely to hold a formal roadshow, said bankers on the deal.
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Gulf Keystone Petroleum, an oil and gas exploration, development and production company in the Kurdistan Region of Iraq, has opened a consent solicitation on its €250m 13% 2017s.
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National Bank of Abu Dhabi is lining up to issue its debut Basel III tier one bond after receiving approval at its general assembly meeting on Tuesday.
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Egypt is planning a Eurobond as part of a push to attract foreign investment to the country. The deal is expected to open up the market for corporate and financial borrowers.
