Middle East Bonds
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Mashreqbank priced at 8.5% after starting with guidance in the mid to low 8% area -
Year-to-date bond issuance volumes from GCC are down more than 75%
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Dar Al-Arkan and Mashreqbank guide though few more deals expected
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Local investors helped push the order book to $1.4bn
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Dar Al-Arkan and Mashreqbank queue new issues
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The insurer's own curve will not help bankers price a new bond
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Middle East bond issuer moves quickly to refinance perpetual deal
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The development bank has already used Sofr to price a privately placed sukuk
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Middle Eastern issuance could slow temporarily as Eid holiday looms
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New hire joins after previous head went to Mizuho
