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EM Middle East

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  • The Islamic Development Bank’s five year sukuk trade appears to be meeting with a warm response, allowing the leads to pull in the spread by several basis points.
  • CEE
    The Middle East is continuing its domination of the CEEMEA primary market and even the Latin America new issue market is starting to see some action as a run of successful bonds in the last fortnight is helping to bolster investor confidence.
  • When the mandates for DP World’s four tranches of bonds were put on screen this week, the market was shown a different, and GlobalCapital believes better, way of mandating banks for multi-currency, multi-product type bonds.
  • Dubai headquartered ports authority DP World is guiding the market for a 10 year dollar sukuk, a 30 year 144A/Reg S dollar bond, an eight year 144A/Reg S euro bond and a 12 year sterling bond.
  • National Bank of Oman will sell a new five year benchmark on Tuesday, following a tender offer completed on Monday.
  • The Islamic Development Bank has announced a five year sukuk benchmark in dollars, which leads expect to price on Wednesday.