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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DIFC Investments built an orderbook of over $3bn for a $700m 10 year sukuk that it priced on Tuesday. UAE buyers short of fresh paper — and sukuk in particular — took the bulk of the deal, which pulled other Dubai sukuk tighter in its wake.
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The European Bank for Reconstruction and Development (EBRD) has provided a $25m loan to Moldovan agricultural commodities trader Trans-Oil Group and agreed a $30m credit line to National Bank of Egypt (NBE).
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DIFC Investments has squeezed the pricing on its offering of a 10 year benchmark dollar sukuk, tightening the spread range for a second time to 185bp-190bp over mid-swaps at final guidance. DIFCI expects to price the Reg S sukuk within that range.
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DIFC Investments built an orderbook of over $3bn for a $700m 10 year sukuk that it priced on Tuesday. UAE buyers short of fresh paper — and sukuk in particular — took the bulk of the deal, which pulled other Dubai sukuk tighter in its wake. -
Saudi Arabia’s National Commercial Bank closed on Sunday the offer period for the sale of 300m of its shares, having attracted huge demand from its local market by offering a big discount.
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DIFC Investments opened books for a 10 year benchmark sukuk issue on Monday morning, with pricing scheduled for later this week. Investors predicted the deal would be priced slightly inside the curve of Jebel Ali Free Zone Authority. But the DIFCI leads have already boldly set the starting spread inside Jafza's sukuk curve.
