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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Emirates NBD has signed a $1.7bn three year loan facility, increasing it from $1.25bn following a strong investor response.
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UniCredit is expanding its business in the Middle East and is in the process of opening a new branch in Abu Dhabi.
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Doha Bank has fully exercised an $80m greenshoe option on its Taiwan targeted syndicated loan, increasing its size to $180m.
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Securities in National Bank of Abu Dhabi and First Gulf Bank shot up on Monday morning in reaction to the prospective merger of the two Middle East banks. The creation of a "national champion" would be a positive for the market, said bankers in the region.
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Two Middle Eastern corporate credits this week shrugged off global market uncertainty, and escalating concerns that Britain will vote to leave the EU on June 23, to print strongly supported trades which came flat to inside their existing curves.
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Ooredoo executed a swift deal to snap up $500m ahead of the US Federal Reserve's interest rate meeting on Wednesday, printing inside its curve as demand for Middle East credits defied weak markets.