Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
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
More articles/Ad
More articles/Ad
More articles
-
Saudi real estate firm Dar Al Arkan built a book of $1bn for its $400m five year sukuk late on Wednesday evening. The deal was printed with a yield of 6.75%, in line with guidance.
-
A surge of Kangaroo bonds from the Middle East is only the first wave in the Aussie dollar market’s expansion into new regions and new borrowers, debt bankers told GlobalCapital this week. Abu Dhabi Commercial Bank took MENA Kanga supply to well over A$1.3bn so far this year, and the tight pricing and deep demand on offer is prompting financials and corporates from across emerging markets to put programmes in place. Steven Gilmore reports. -
Saudi real estate firm Dar Al Arkan built a book of $1bn for its $400m five year sukuk late on Wednesday evening. The deal was printed with a yield of 6.75%, in line with guidance.
-
Saudi real estate firm Dar Al Arkan built a book of $1bn for its $400m five year sukuk late on Wednesday evening. The deal was printed with a yield of 6.75%, in line with guidance.
-
Abu Dhabi Commercial Bank's first Kangaroo deal in seven years, which was priced on Wednesday, was trading well in the secondary market and has pulled its competitors’ Kangaroo deals tighter in its wake. This year’s record run of MENA Kangaroos has left borrowers and bankers in no doubt as to the depth of demand, and syndicators are pitching financials and corporates across the region to follow suit.
-
Dar Al Arkan has built an order book of $700m for its sukuk of up to $450m, offering a 13bp-25bp new issue premium according to a lead manager and an investor. Price guidance has been released at 6.75% area for the five year deal.
