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GC Asia
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Crédit Agricole sells last of its stake in Banque Saudi Fransi
Crédit Agricole has sold a 4% share stake in Banque Saudi Fransi (BSF) to two unnamed investors for around €330m, ending an association which dates back to 1977.
03.15 PM -
Sukuk issuance shrinks despite market efforts to diversify into sustainability
The volume of sukuk issues — bonds structured in line with Islamic financing principles — is set to decline this year, despite the market’s best attempts to diversify and become more sustainability-focused.
24 Sep 2020 -
Ignitis opens IPO books after EBRD agreement
Ignitis Grupe, the state-owned Lithuanian energy and utility company, has opened books on its IPO on the Nasdaq Vilinus and London Stock Exchange. The company’s listing will benefit from a framework agreement signed with the European Bank for Reconstruction and Development, under which it will participate in the IPO.
21 Sep 2020 -
FAB launches new AT1 months after call
First Abu Dhabi Bank, the highest rated lender in the Middle East, has mandated bookrunners to lead a perpetual non-call six year additional tier one (AT1) capital issue.
21 Sep 2020 -
Qatar National Bank USD600m 1.625% Sept 2025 green
17 Sep 2020 -
Gulf International Bank USD500m 2.375% Sept 2025
17 Sep 2020 -
QNB prints first Qatari green bond
Qatar’s largest bank, Qatar National Bank (QNB), has raised the country’s first green bond, in a deal that achieved a new issue discount while diversifying and expanding the issuer’s investor base.
16 Sep 2020 -
Adnoc Distribution increases liquidity with $1bn club deal
Abu Dhabi National Oil Co sold $1bn worth of shares in Adnoc Distribution, its listed chain of petrol stations and shops, through an institutional placement on Monday night, the largest ever block trade by a listed company from the Gulf Cooperation Council area.
15 Sep 2020 -
Pair add to swelling Gulf FIG supply
Two Gulf bank issuers — Qatar National Bank and Gulf International Bank — hit bond markets on Tuesday to raise dollar funds, following what has been a busy period for Middle Eastern issuers. With investor appetite remains ravenous and market conditions healthy, there is scope for further issuance.
15 Sep 2020 -
Saudi Arabian investors rush to buy BinDawood IPO on day one
The IPO of BinDawood, the Saudi supermarket operator, has made off to a fast start with banks covering the deal throughout its price range the day it opened books, driven by strong local demand.
14 Sep 2020
