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Most recent/Bond comments/Ad
Most recent
Two more follow Darwish and Safa leaving last month
Peace agreement will be needed to restore normal enthusiasm
Higher dollar yields dampen some of the callable demand
The duo were the first AT1s from the GCC since Emirates NBD's reopener in April
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Middle East issuance, both Islamic and conventional, has dried up in part due to the high oil price
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Investors see little reason to play in primary
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But a busy holiday period means borrowers may have to wait until into June to test the market
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Borrowers must be ready to jump into picky primary markets as stigma of failure falls
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EM borrowers have little to lose by approaching investors. Cowering in the corner could have a higher price
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It could be several months before Middle East new issuance volumes pick up