Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Deal the first Kuwaiti Sharia-compliant transaction closed with Chinese banks
Tight spreads may tempt issuers even if all-in yields are higher than earlier in 2026
Only one Gulf issuer has printed a blue bond in the public market
Some say UAE central bank liquidity has prompted banks to retrench
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Dana Gas — Luossavaara‑Kiirunavaara -
Emirates NBD sold a $500m tier one perpetual non-call six bond on Wednesday. It was priced flat to the borrower’s existing Basel II compliant note but bankers away from the deal said that it looked to have struggled throughout the execution process.
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The Emirate of Sharjah sold a $750m inaugural sukuk to a $7.8bn order book on Wednesday. The borrower brought in a host of conventional accounts in addition to a strong local bid, and watched its bond tighten 6bp in the secondary market despite pricing some 20bp-45bp inside the curves of regional comparables, according to debt bankers on the deal.
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The Kingdom of Bahrain set a benchmark for its borrowers to follow when it issued the country’s first 30 year bond this week. Movements in the underlying US Treasury market sidelined some emerging market accounts but a final book of almost $6bn ensured a minimal new issue premium for a bond providing an important reference point for Bahraini project finance.
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Abu Dhabi Commercial Bank returned to the dollar market on Tuesday and made a 50bp saving at the five year part of its curve. Middle Eastern spreads have come flying in over the past year and bankers said that the bond came at the tightest possible level.
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The Emirate of Sharjah sold a $750m inaugural sukuk off a $7.8bn order book on Wednesday. The borrower brought in a host of conventional accounts in addition to a strong local bid, and watched its bond tighten 6bp in the secondary market despite pricing some 20bp-45bp inside the curves of regional comparables, according to debt bankers on the deal.
