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EM debt investors had largely expected a debt treatment would be required
Undisclosed institutional shareholder sells stake in Wednesday evening ABB
The country is unlikely to issue new dollar bonds in the near future despite a big rally in yields
Underwriting left unused after deal is 33% oversubscribed
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Saudi real estate developer Dar Al Arkan was a focus of Middle East investor interest on Monday, with its stock rising sharply on a pledge by the company to meet debt repayments. Dar Al Arkan was quoted up nearly 6.5% on the day at around SR10 ($2.67), its highest level for over a year.
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We have become aware of a malicious email being circulated by an "Anonymous" source with a link to a website. We believe that this is an attempt to harm Dar Al Arkan, and its Investors.
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Source: Management & Business for Africa