Middle East Bonds
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The note traded higher on secondary markets on Wednesday -
Lack of bonds and sukuk from Oman should create high demand, said one observer
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Gulf investors have had very little sovereign sukuk to buy this year
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Demand was much better than similar deal from two months ago
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Low Gulf corporate bond issuance volumes prompt big book and small NIP for port operator
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Asian buyers are limiting their involvement in Middle East bonds for all but the very best issuers
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The sovereign has already raised $16bn this year via a sukuk and a conventional bond
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Investors in Asia made up a quarter of a previous sukuk, but few took part in July’s deal
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Deal aligns with government drive to develop local market
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Dar Al Arkan, a speculative grade issuer, hit the top end of its size target
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Investors may be tiring of GCC real estate issuance but borrower is a familiar face
