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Peace agreement will be needed to restore normal enthusiasm
Higher dollar yields dampen some of the callable demand
The duo were the first AT1s from the GCC since Emirates NBD's reopener in April
Books were more than double the deal's size at launch
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The vast majority of issuance from Kuwait is from banks, making this a rare opportunity for buyers
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Continuing war means Israel will pay higher premiums in 2025, warned one fund manager
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Volatility this week will not deter market reopening but may impair an already ‘thin and fragile’ IPO pipeline
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Seven IPOs expected in Middle East from September while South African issuance to be more gradual
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Saudi tipped to be a hot spot for loans in the fourth quarter