Middle East Bonds
-
Book reaches $1.6bn at launch for five year non-call two -
Saudi bank drew a book over four times the size of its sukuk debut
-
-
Saudi Arabia’s wealth fund only paid around 5bp over the sovereign’s curve
-
Other similarly rated sovereigns have issued with no new issue premium this year
-
Demand topped $4bn by midday UK time on Wednesday
-
The sovereign wealth fund has already raised $5bn via conventional bonds this year
-
More real estate debt on offer despite waning demand
-
The emirate may have to offer a bigger concession than some recent sovereign issuers
-
Saudi Arabia's Alinma Bank plans a debut issuance in the subordinated format
-
The Kingdom is facing budget deficits after 2022's surplus
-
The UAE bank was the second top-rated Gulf lender to issue this week
