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Sukuk goes straight to final spread to avoid volatility
Deal seen as vote of confidence in UAE real estate
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Badea to bring further supranational supply from the region after mandating for euros
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Deals priced with little to no new issue premium
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Books were nearly $3bn for its first trade in five years
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The UAE district cooling company is a rare issuer, but a very well-known one
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Excluding the first weeks of the last two years, it was the busiest week since early 2023