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EM Middle East

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MTN bankers: so hot right now


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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  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.