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
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Abu Dhabi Islamic Bank’s recent tweaking of its $5bn sukuk programme to include provisions for tier two deals has highlighted a shortfall in local rules that is holding back the Basel III regulatory push in the United Arab Emirates, said bankers. -
Etisalat, the Abu Dhabi telecoms firm, has signed €3.15bn-equivalent of loans from banks to finance its purchase of Vivendi's 53% stake in Maroc Telecom.
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Turkey’s Albaraka Turk and Kuveyt Turk plan to issue dollar sukuk before the Ramadan holiday in June, according to three market participants.
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Abu Dhabi National Energy Co (Taqa) and Dubai shopping mall firm Majid Al Futtaim this week showcased the strong demand for emerging markets — at least outside of Russia and Ukraine — when they and hit their target bond sizes with ease and also managed to crunch pricing of their new debt to inside their own curves.
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Emirates NBD this week became the third Middle Eastern issuer this year to take to the Kangaroo market, selling a five year bond. A weaker rating than other Middle Eastern issuers that have been active in the Kangaroo market harmed the issuer’s appeal to Australian investors, but a juicy spread over swaps drew in Asian investors.
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Turkey’s Albaraka Turk and Kuveyt Turk plan to issue dollar sukuk before the Ramadan religious holiday in June, according to three people with knowledge of the matter.
