Middle East Bonds
-
Saudi Electricity Co priced $2.5bn of dollar sukuk late on Tuesday — its biggest ever offering — inside initial guidance. -
Damac Real Estate Development's sukuk this week has blazed a trail for sub-investment grade borrowers as Middle East investors start to migrate down the credit spectrum.
-
Damac Real Estate Development’s debut sukuk helped get Middle Eastern capital market volume off to a strong start for the second quarter, as the company priced a bigger than expected $650m inside guidance late on Wednesday, with over $2.7bn of orders.
-
International Telecommunications Group Batelco is buying back $131.4m of its 2020 bonds, and expects to settle the transaction on Friday. The Bahraini issuer paid a decent premium for the tender offer, designed to use excess cash on its balance sheet, said a banker on the deal.
-
Damac Real Estate Development’s debut sukuk helped get Middle Eastern capital market volume off to a strong start for the second quarter, as the company priced a bigger than expected $650m inside guidance late on Wednesday, with over $2.7bn of orders.
-
Damac Real Estate Development has launched $650m of sukuk – more than the planned $500m – and set the deal well inside initial guidance.
-
Saudi Electricity Co sold $2.5bn of dollar sukuk late on Tuesday – its biggest ever offering – inside initial guidance.
-
Saudi Electricity Co sold $2.5bn of dollar sukuk late on Tuesday – its biggest ever offering – inside initial guidance.
-
Investors bought more dollar sukuk in 24 hours, between Tuesday and Wednesday, than they did in the whole of the first quarter, as Damac Real Estate Development went big with $650m and added to Saudi Electricity Co’s bumper $2.5bn.
-
Saudi Electricity Company has given initial price thoughts of 4.25% to 4.375% on the 10 year tranche of its sukuk offering – a level that some investors think is generous.
-
Damac Real Estate Development has drawn over $1bn of orders after opening books on its benchmark size five year debut dollar sukuk.
-
After finishing last year at the top of the CEEMEA bond bookrunner league tables, Deutsche Bank has slipped to eighth position in Dealogic’s ranking for the first quarter of this year.
