Middle East Bonds
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Damac Real Estate Development has drawn over $1bn of orders after opening books on its benchmark size five year debut dollar sukuk.
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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. -
Saudi Electricity Company has sold $2.5bn worth of dollar sukuk – its biggest ever offering – inside initial guidance.
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Damac Real Estate Development has tightened its debut sukuk to 325bp over mid-swaps area as orders rose to $2.25bn for the five year dollar benchmark deal.
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Tunisia’s debut sovereign sukuk placement is being delayed until the end of this year or the beginning of 2015, according to an official at the ministry of finance. Tunisia originally planned to issue in the first half of 2014.
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Middle East dollar sukuk will be firmly back on the menu from early next week, with investors sizing up both prime steak borrower Saudi Electricity Co and nouvelle cuisine Damac Real Estate Development.
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Damac Real Estate Development has lined up roadshows as it plans to issue a debut dollar sukuk.
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Middle East dollar sukuk will be firmly back on the menu from early next week, with investors sizing up both prime steak borrower Saudi Electricity Co and nouvelle cuisine Damac Real Estate Development.
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First Gulf Bank on Tuesday sold its inaugural Kangaroo bond, a five year deal. Despite securing an oversubscribed order book, the issuer chose to keep the size of the trade modest in order to maximise the Australian distribution of the bonds.
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Damac Real Estate Development has lined up roadshows as it plans to issue a debut dollar sukuk.
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Damac Real Estate Development has lined up roadshows as it plans to issue a debut dollar sukuk.
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Bank issuance from Poland and Abu Dhabi has kept CEEMEA bond supply going this week, while Mexico’s Cemex tapped the euro and dollar markets.
