Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Sovereign bond print went ahead despite missile and drone attacks just before pricing
Books on the dollar deal opened just hours after Iran attacked the country
Israeli issuer called its previous tier two early last year
The investment vehicle, led by BlackRock, will issue more bonds in future
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Global banks have been stepping up their pitches to win the mandate for oil giant Saudi Aramco's $100bn IPO during the second week of meetings, as competition heated up to win a spot on the on-again, off-again blockbuster sale. -
Investors this week have again affirmed their confidence that Middle Eastern issuance will be the redeeming factor in emerging markets this year with a handful of names expected to raise debt, despite a challenging third quarter.
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MEA-based waste management services provider Averda has amended and extended an existing term loan facility, garnering 70% oversubscription.
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Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF), is close to finalising its second syndicated loan, which is scheduled for September. Margins are slimmer than on the borrower’s debut last year, according to bankers, though some in the market wondered if the fund will push even further on pricing before the deal is done.
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Equity bankers flew out to the Middle East this week to pitch for roles in the IPO of Saudi Aramco, Saudi Arabia’s state oil and gas giant, according to equity capital markets sources.
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The Middle East is facing its heaviest ever redemption schedule at the start of 2020, and investors are expecting the region to dominate the primary market when issuance begins in September.
