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GC Asia
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Abu Dhabi’s Yahsat launches IPO
Yahsat, the satellite company owned by Mubadala, will attempt a listing on the Abu Dhabi Securities Market (ADX). The company is seeking to list at a time when the European IPO market is difficult, but there is hope that strong local interest and emerging market equity investors will see the deal across the line.
21 Jun 2021 -
Mystery investor sells $296m of ADCB stock
An undisclosed shareholder has sold Dh1.1bn ($296m) of stock in Abu Dhabi Commercial Bank, one of the UAE’s biggest banking groups, through an accelerated bookbuild.
17 Jun 2021 -
Bank Dhofar secures $250m facility from international lenders
The Omani lender Bank Dhofar has secured a loan facility from a consortium of international banks, in a deal led by two regional lenders.
14 Jun 2021 -
Oman USD1.75bn 4.8750% June 30
10 Jun 2021 -
Saudi Aramco USD1bn 0.946% June 24 USD2bn 1.602% June 26 USD3bn 2.694% June 31
10 Jun 2021 -
CEEMEA bank issuers storm into market seeking dollars
At least three bank issuers across CEEMEA this week sold bonds of all different varieties. Emirates Development Bank, Ecobank Transnational and Ahli United Bank all tapped investors for dollar bonds.
10 Jun 2021 -
Aramco uncovers ‘pent-up’ demand in sukuk market as issuance expected to grow
A brace of sukuk trades from the Gulf this week racked up enormous order books, demonstrating the voracious demand for Sharia-compliant paper. With a hungry investor base, sukuk issuance is expected to grow, despite some "teething problems".
10 Jun 2021 -
Aramco debuts in sukuk market in diversification bid
Saudi Aramco, the world’s largest oil company, entered the Sharia-compliant bond market for the first time on Wednesday, with what market participants called a tool for investor diversification. Proceeds from the capital raising are expected to fund Aramco's $75bn dividend.
09 Jun 2021 -
FAB sells green dim sum first
First Abu Dhabi Bank debuted its green bond programme in the dim sum market on Monday, selling the first labelled note in this format from a Middle Eastern borrower.
08 Jun 2021 -
Emirates Development Bank adds to CEEMEA FIG pipeline
Emirates Development Bank, which last entered the bond market with its debut in 2019, is one of many FIG borrowers from CEEMEA planning to tap investors this week.
08 Jun 2021
