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There is an aggressive hunt for yield by issuance-starved investors in the Gulf
The duo were the first AT1s from the GCC since Emirates NBD's reopener in April
Books were more than double the deal's size at launch
The company is expanding outside Turkey, such as into Saudi Arabia
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Relief as Turkey sells largest ever new issue but doubt lingers over country's other credits' access to capital markets -
Islamic buyers flock to generously priced deal
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Order book tops $3bn in for Saudi lender's additional tier 1 deal
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UAE lender secures tight pricing, but Saudi lender may be a better bellwether of EM primary conditions
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Investors and banks believe Islamic format is the best way for Turkey to regain capital market access
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Saudi lender adds sustainability link to riskier asset, which could be the first of many such AT1s this year
