Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Kuwait joins PP party
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
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Equate Petrochemicals was on track to sell a dual tranche five and 10 year dollar note on Thursday, talking the bond with ample spread which suggested the issuer is planning a sizeable trade, thought one emerging markets banker.
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Jordan made its second standalone entry into the international markets on Monday with a $1bn 10.25 year. The sovereign used Saudi Arabia’s international bond success last week and its index eligibility to grind in pricing to pay a negligible new issue premium.
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Several loans from Omani credits are being tipped to be launched this year, but, after several large deals, some bankers have concerns that lending appetite is waning.
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Jordan opened books on a long 10 year bond on Monday. The issuer will be hoping to catch the tail end of a post-Saudi Arabia bond rally and is offering a juicy 50bp premium to tempt investors.
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Saudi Arabia’s record breaking international triple trancher, priced Wednesday, heralded the start of a new era for the Gulf’s largest economy as it embarked on a future away from oil. The remarkable $17.5bn debut — the largest ever syndicated sovereign bond — swept up $63bn of global interest this week, which is just as well given the economic task that lies ahead for the country, writes Virginia Furness.
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Valmet — Segro — Ecom — Aluminium Bahrain — Morpho