Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Tight price and strong book reported as market awaits geographic breakdown
Flood of AT1s expected to follow the first public trade from the Gulf in over two months
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
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Majid Al Futtaim Properties, a Dubai based mall developer, has appointed Bertrand Julien-Laferriere as its new chief executive officer. -
National Bank of Abu Dhabi (NBAD) is meeting investors this week to offer an update on its recently announced financial results. A senior dollar bond may follow.
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African sovereign sukuk issuance could grow in the next two years, Bank of London and the Middle East (BLME) believes. But other analysts predict only one or two Africa sovereigns will follow South Africa into the international sukuk market.
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Egypt is preparing to follow Tunisia’s landmark return to the international bond market as investors shrug off conflict in Syria and the oil price’s collapse to regain appetite for Middle Eastern credits. Underscored by this week’s $1bn deal, confidence in the region has rebounded to levels last seen before the Arab Spring in 2011, writes Virginia Furness.
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A rare Egyptian accelerated bookbuild was abandoned on Thursday, after the trade in shares of EFG-Hermes, the Egyptian brokerage and asset manager, failed to find demand at a price the bank’s board was willing to sell at.
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With many US equity bankers and investors working from home today because of heavy snowfalls on the east coast, typical European block trades would have been hard to execute today. Getting a response from the US would have taken a couple of hours longer than normal, one banker said. Attention turned instead to a very different trade: a rare Egyptian block trade.
