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The sovereign is ramping up overseas issuance, plans to branch out into new currencies
Premium to dollars was in the high single digits, said a lead
The UAE bank capped the deal size at $500m, gaining some leverage over pricing
Data
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Turkish borrowers are forming a queue to issue, said one banker
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Dubai-based hospitality group used recent real estate deals as comps
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Only one other UAE bank has an outstanding tier two bond
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ICBC won the sole mandate without having to pitch
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◆ Should markets rejoice or worry? ◆ FIG borrowers are gung-ho ◆ Topping rates poses quandary for EM ◆ CLO investors sort sheep from goats
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