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EM Middle East

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  • Lebanese lender Fransabank is making its debut green bond offering with a trade anchored and supported by the International Financing Corp. The deal marks the second such bond from the MENA region, and a third is on the way as international financing institutions (IFIs) and local banks look to the capital markets to fund the region’s energy needs.
  • Bank Muscat, Oman’s largest bank by assets and capital, has named leads for a five year dollar note.
  • Before 2017, US crowd services provider Equinix had not issued a bond in euros. But it has now visited the European high yield market three times, having completed its latest deal on Wednesday.
  • The Islamic Development Bank (IsDB) has mandated eight banks to roadshow a benchmark five year Reg S sukuk with a view to adding a 10 year tranche as well.
  • Qatar National Bank (QNB) kept the momentum in the offshore renminbi bond market going with a new issuance on Tuesday, showing there is still appetite for the currency.
  • First Abu Dhabi Bank raised $650m with its market return on Monday, as Gulf Corporation Council financial supply continued with Union National Bank.