Middle East Bonds
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Bank Dhofar has received regulatory and shareholder approval for what would be the first ever tier one deal from an Omani issuer. Two banks have been mandated for the sale.
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United Arab Emirate Ras Al-Khaimah is finalising its sukuk plans and has a list of banks likely to be involved, according to bankers close to the sale. -
Malaysia has shortlisted banks for its return the international sukuk market after four years away, and bankers expect it to announce the final mandate soon.
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From Tokyo to Toronto to Tel Aviv, new buyers across the globe are piling into the senior tranches of US CLOs — and more experienced triple-A investors aren’t happy about it.
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Lebanon sold its largest ever new money issue on Monday, printing an $800m 10 year and $1.4bn 15 year from combined books of $4.9bn.
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Rakbank tapped its 2019s for $300m on Monday in a move to top up its funding while increasing liquidity in the bond.
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Lebanon sold its largest ever new issue on Monday, printing an $800m 10 year and $1.4bn 15 year from combined books of $4.9bn.
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Islamic Development Bank (IDB) has picked bookrunners for a benchmark Reg S sukuk and starts investor meetings in March.
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Qatar Islamic Bank’s (QIB) shareholders approved up to Qr5bn ($1.37bn) of tier one sukuk during an extraordinary general meeting on Monday, according to a QIB statement.
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The National Bank of Ras Al-Khaimah PSC (Rakbank) upped the size of its 2019s on Monday to $800m after a $300m tap.
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Lebanon had combined orders of $1.5bn for its 10 and 15 year offering at the last update. Bankers expect the 10 year to be priced inside the borrower’s curve.
