Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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Some say UAE central bank liquidity has prompted banks to retrench
Cracks emerge in underlying quality as banks appear to teeter further into cautiousness
The trade may persuade other top-tier GCC sovereigns that the public market is open
The sovereign is focusing on price, not size
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Middle Eastern loans bankers are preparing for even more M&A from the region in the coming months, with the United Arab Emirates tipped to continue driving asset sales. -
MUFG announced this week that it has appointed a new international head of credit sales and trading.
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Frontier markets specialists Exotix Capital has made four new appointments to its EM sales business, expanding its coverage in four different geographies.
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Bahraini sovereign bonds fell victim to “malicious rumours” this week after they took a further battering following headlines that Lazard had been appointed as an adviser to the country. The firm, which advises on debt restructuring among other things, was in fact appointed in early May and has been advising the country on its economy for several months, according to a source with knowledge of the matter. Virginia Furness and Michael Turner report.
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Bahrain is no closer to accessing the capital markets for additional funding following its support package from its Gulf neighbours agreed last week, according to local investors. And nor is the appointment of Lazard as an advisor to the country seen as a precursor to debt restructuring.
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A new wave of liquidity and price crunching could hit Bahrain’s loan market once details of the country’s bailout from its GCC neighbours emerge, according to lenders from the region.
