Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
The Iran war has led to a flurry of private trades from the Gulf
Even if ceasefire succeeds, investors will still want a risk premium
Funding costs and new issue premiums are much higher than GCC issuers are used to
Senior banker will move to Abu Dhabi to take up position
More articles/Ad
More articles/Ad
More articles
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Bahrain’s Arab Banking Corporation decided to repay its $750m loan ahead of its maturity due to an increase in its liquidity, allowing it to avoid further interest payments. -
Saudi’s ACWA Power priced its long awaited debut bond on Wednesday, raising $814m with the secured note. Months of work spent structuring the deal and educating investors were rewarded, with the borrower achieving a combination of size and price it would not have managed with a plain vanilla bond, according to a lead banker.
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Oman Oil wants to refinance the $1bn tranche from a $1.85bn loan it took out in 2014, adding to the company’s much wider financing plan, according to a banker on the deal.
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Kuwait Energy, the independent Kuwaiti oil and gas company, is to test investor appetite towards the recovering energy sector, having announced the launch of its long awaited IPO on the London Stock Exchange on Wednesday morning.
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The bond pipeline in CEEMEA is light with only well flagged borrowers opening books in a week that is peppered with data points and political risk events.
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Orders of over $1.5bn enabled Saudi Arabia’s ACWA Power to squeeze down guidance for its amortising note on Wednesday.
