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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Bahrain’s sovereign wealth fund Mumtalakat will price a seven year debut sukuk transaction of up to $600m on Tuesday. -
Egypt's Euroget de Invest ended a six day execution on Thursday night, printing a secured amortizing dollar deal at a higher yield and lower size that it had originally targeted. Debt bankers on the bond put the tricky execution down to a complex SPV structure, which they said pushed up the premium buyers demanded.
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DP World, a UAE port operator, has announced plans to acquire Economic Zones World (EZW), which includes sukuk issuer Jebel Ali Free Zone (Jafza), for $2.6bn
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Egypt's Euroget de Invest failed to price its inaugural Eurobond this week despite widening price guidance to 12%.
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Bahrain’s sovereign wealth fund Mumtalakat started a roadshow this week ahead of its first benchmark dollar sukuk. Investors are happy to see a new international sukuk issuer in the market, but are concerned that Mumtalakat's support for struggling airline Gulf Air will be a drain on resources.
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Dubai government owned airline flydubai has set roadshow dates for its first benchmark dollar sukuk. The borrower will be ready to launch its deal next week, as the sukuk market draws closer to a record year for dollar issuance.
