Middle East Bonds
-
-
Deal to refinance tier two of recent acquisition -
Fair value around 110bp-115bp over, says lead
-
Real estate firm’s deal a rare example of sub investment grade corporate issuance from GCC
-
The sovereign wealth fund paid no concession, but a lead conceded fair value estimates will vary widely
-
Demand was nearly £4bn for the sovereign wealth fund's first ever debut in a new currency
-
-
The Saudi wealth fund and sovereign have issued tens of billions of dollar bonds in the last two years
-
Books were two times covered for three Gulf banks bonds this week
-
The prices on offer mean little pushback from investors when Saudi Arabia issues more than planned
-
-
Sub-investment grade issuance from Gulf banks is very rare
