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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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Agricultural Bank of China (ABC) Dubai Branch stuck to its rumoured pricing target of 3.5% for its debut offshore renminbi bond on Wednesday night, in spite of having appeared to rein in its ambitions by launching that morning with guidance of 3.7% area.
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Books have closed for the debut offshore renminbi bond from Agricultural Bank of China (ABC) Dubai Branch, with a banker close to the deal reporting that orders had reached about Rmb1.2bn ($195m) by 3pm Hong Kong time on Wednesday. The books closed at 4:45pm.
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The Bahrain Bourse has appointed Sheikh Osama Mohammed Bahar as a Shariah advisor on a range of Islamic products and services the exchange intends to launch.
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Oman Oil Co, a state-owned investment arm of the sultanate, has signed a $1.85bn unsecured financing with banks, according to two loans bankers.
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The debut offshore renminbi bond from Agricultural Bank of China (ABC) Dubai Branch is expected to launch on Wednesday morning Dubai time after a conference call between the lead banks and the issuer, according to a banker close to the deal.
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Agricultural Bank of China (ABC) Dubai Branch is set to launch its debut renminbi-denominated bond this week, two bankers close to the deal have told GlobalRMB. The deal will mark the first offshore RMB bond from the UAE operation of a Chinese bank and paves the way for Dubai to become the RMB hub for the Middle East region.