Middle East Bonds
-
The Islamic Development Bank’s five year sukuk trade appears to be meeting with a warm response, allowing the leads to pull in the spread by several basis points. -
The Middle East is continuing its domination of the CEEMEA primary market and even the Latin America new issue market is starting to see some action as a run of successful bonds in the last fortnight is helping to bolster investor confidence.
-
When the mandates for DP World’s four tranches of bonds were put on screen this week, the market was shown a different, and GlobalCapital believes better, way of mandating banks for multi-currency, multi-product type bonds.
-
Dubai headquartered ports authority DP World is guiding the market for a 10 year dollar sukuk, a 30 year 144A/Reg S dollar bond, an eight year 144A/Reg S euro bond and a 12 year sterling bond.
-
National Bank of Oman will sell a new five year benchmark on Tuesday, following a tender offer completed on Monday.
-
The Islamic Development Bank has announced a five year sukuk benchmark in dollars, which leads expect to price on Wednesday.
-
Emerging markets are in full swing this week after last week's successful crop of deals. Five borrowers, mostly from the Middle East, are expected on screens for deals this week.
-
-
-
-
Emerging markets were treated to their first week of supply from the Gulf region in four months, and despite the sudden glut of supply, performances were strong and the market is ready for more.
-
The Saudi Electricity Company (SEC) has joined the groaning pipeline of issuers looking to print dollar sukuk paper, picking banks for what will be the borrower’s first trip to the bond market in four years.
