Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Announcements could come as early as Monday, the two month anniversary of the last public GCC trades
Islamic investors have been a safe haven for Gulf issuers in the past, and can be now
Kuwait joins PP party
The Iran war has led to a flurry of private trades from the Gulf
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The RMB is now the most active currency used by the United Arab Emirates and Qatar for direct payments with China and Hong Kong, the latest data from the Swift shows. This is despite global expectation of a further weakening in the renminbi. -
Oman Telecoms (Omantel) sold a $130m-equivalent sukuk via auction in the domestic market on Wednesday. Though the issuer could have achieved tighter pricing in the loan market, it wanted to aid the development of the sukuk market in Oman, said bankers.
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Emirates Global Aluminium has still not completed syndication of its $4.9bn seven year loan facility, despite bankers saying that the deal would have closed before the end of last year.
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With bond issuers dithering this week in the emerging markets, a loan for Qatar snatched attention as the loan market bubbled away.The sovereign has completed and signed a $5.5bn five year loan, most of it held by the top line of banks on the deal.
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Qatar has signed its $5.5bn five year loan with 13 banks in the syndicate. The six underwriting banks are holding at least $4.2bn of the loan between them, according to a banker on the deal.
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The Emirate of Sharjah printed a five year sukuk in horrific market conditions on Wednesday, but bankers say the pragmatic emirate should be applauded as conditions are only going to get worse.
