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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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JCR-VIS assigns local currency ratings on a national scale. Local currency rating on a national scale assumes the national government to be least risky, which is therefore implicitly assigned a 'کAAA' rating. These ratings represent an entity's ability to meet its domestic obligations in the local currency.
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Bahrain - 11 August 2011: United Gulf Bank B.S.C. (c) (UGB), the asset management and investment banking platform of the Group, today announced its financial results for the six months ended 30 June, 2011.
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of US$ 13.3 million :LTIT Bahrain - 11 August 2011: United Gulf Bank B.S.C. (c) (UGB), the asset management and investment banking platform of the KIPCO Group, today announced its financial results for the six months ended 30 June, 2011.