Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Investors are still showing big demand for the Dubai real estate firm's sukuk despite two sell-offs in a year
Wider currency mix helped meet demand for high grade paper with attractive yields from the region
The company has enjoyed two rating upgrades since its last sukuk issuance
Some price discovery needed due to sukuk format and long tenor
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Bankers in Doha this week were eager to start a World Cup funding run in Qatar, as concerns over the Gulf state’s conflict with Saudi Arabia began to dissipate. -
Saudi Arabia has completed the largest IPO ever, the listing of its economic crown jewel, the oil producer Saudi Aramco. However, a deal sold almost entirely to local investors was a missed opportunity to secure international backing for crown prince Mohammed bin Salman’s Vision 2030 plan for the country, writes Sam Kerr.
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IHS Markit and Tadawul, the Saudi Stock Exchange, are forming a partnership to create indices for Saudi Arabia’s local currency bond and sukuk markets.
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Aluminium Bahrain (Alba) has refinanced an existing $1.5bn loan with tighter margins. The deal is one of just a few raised in Bahrain this year, which has seen the number of syndicated loan deals drop almost 50%.
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Saudi Arabia’s listing of its prized asset, oil producer Saudi Aramco, was supposed to lure international investors into the kingdom. On that score, the deal will be a failure as pricing was set so high that only locals were interested. Now it seems global funds will have little reason to buy the shares once they start trading. Sam Kerr reports.
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A handful of rare visitors came to the marker this week to place debt in dollars and yen, and bankers scrambled for a QNB mandate.
