Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Investors piled in orders more than four times trade’s size
Premium to dollars was in the high single digits, said a lead
The UAE bank capped the deal size at $500m, gaining some leverage over pricing
Attractive pricing versus dollars luring GCC borrowers back to the single currency
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Oman released initial price thoughts on Wednesday morning for new five and 10 year notes and evidence suggests the deal was building well. -
Abu Dhabi National Energy Company (Taqa) is embarking on a roadshow for a new dollar senior unsecured bond through six banks.
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Bankers are growing increasingly worried about investor fatigue in the face of the huge supply of bonds from the Middle East, and some are suggesting that a switch to euros could be a remedy. Tapping the single currency could help, but it won't be a quick solution for everyone.
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Issuers from the Gulf Co-operation Council region have pumped record breaking volumes of dollar bonds into the market this year already. With yields so low in euros, they are debating with bankers whether the single currency could provide a major new source of funding at a time of heightened borrowing needs.
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Commercial Bank of Qatar shrugged off signs of fatigue after $24bn of GCC supply this year to print a $750m five year on Monday.
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The International Islamic Financial Market (IIFM) and the International Swaps and Derivatives Association have added to the number of Shariah compliant hedging tools available to investors with two standards for Islamic forward foreign exchange products.
