Middle East Bonds

After a year of war, rate rises, inflation and political pressures on the CEEMEA region, fixed income markets have been badly shaken. Citi and JP Morgan’s vice-like grip on the top of the primary market league tables remains, though others have been forced to question their commitment to the emerging market bond markets. Francesca Young reports.

Outflows from EM bond funds are not far off the $100bn mark in 2022, writes George Collard.

Issuance from the Gulf is coming to an end this year but volumes may surge in 2023

Pricing was 'generous' in the view of one EM investor

Investors happier to buy new issues but pricing a problem for borrowers

GCC issuers are becoming more accepting of the new pricing reality

Saudi bank international bond issuance this year has been nearly triple that of 2021

The liability management exercise came at the same time as a $5bn new issue

Bonds in euros from CEE fared better than dollar deals from the Middle East

The development finance institution is offering a 'generous' spread, said one investor

The strong demand for Saudi Arabia meant another GCC issuer could not tighten as much as hoped

Bankers say Saudi Arabia's deal issued on the same day won't distract investors