Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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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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Dubai World's announcement this week that it is closing in on another restructuring of its $14.6bn debt promise a big and timely kick of the can down the road for the emirate. But the overall picture for Dubai is deteriorating, structural problems remain and investors should strap themselves in for the bumpiest ride since the financial crisis. -
Dubai World, which is trying to restructure its $14.6bn debt burden for the second time in four years, has received the backing of more than two thirds of its creditors, the state-owned investment company has said.
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Dubai Islamic Bank re-opened the Middle East international bond market on Tuesday morning, taking orders for a perpetual non-call six dollar sukuk. The starting point was slightly higher than some syndicate officials away from the deal had expected, but given the Basel III compliant structure one investor felt the initial price thoughts offered fair value.
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Dubai Islamic Bank is set to price the Middle East’s first international bond of the year on Wednesday, after receiving more than $2bn in orders. The starting point was slightly higher than some syndicate officials away from the deal had expected, but given the Basel III compliant structure one investor felt the initial price thoughts offered fair value.
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Dubai World, which is trying to restructure its $14.6bn debt burden for the second time in four years, has received the backing of more than two thirds of its creditors, the state-owned investment company has said.
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National Bank of Abu Dhabi has hired Wynce Low as its first head of debt origination and distribution for South East Asia. The firm has raced up the international sukuk league table in recent years, and is hoping to drum up new business in sukuk and conventional format in Asia, the bank’s global head of debt origination told GlobalCapital.
