Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Only one Gulf issuer has printed a blue bond in the public market
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
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The IPO of Adnoc Distribution, the petrol stations business of Abu Dhabi’s state oil company, was covered at its base size, three working days into the bookbuild. -
Emirates Sembcorp Water & Power has opened books on its $400m amortising note. Some market participants say the move signals the next phase of GCC fiscal rebalancing as governments look to offload fully operational infrastructure projects onto international investors, though others are sceptical that the trend will really take off.
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Emirates REIT, the world’s largest listed Sharia compliant real estate investment trust, has named leads for its debut sukuk.
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Emaar Properties’ real estate development unit has sagged in the aftermarket after it priced its Dh4.8bn ($1.3bn) IPO last week, amid heightened geopolitical risk in the Middle East and a general weakness in the IPO market.
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Lebanon's sovereign Eurobonds recovered some 60bp–120bp during the week ending Thursday, including a 25bp tightening on Wednesday morning, after prime minister Saad al-Hariri returned to the country in an apparent reversal of his recent resignation.
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Investors in emerging market bonds were in a celebratory mood this week as the asset class rallied back following losses last week.
