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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Less than a year after its buyout by private equity firm Rhone Capital, Eden Springs wants to sell a high yield bond to repay debt and partially repay shareholder loans. -
Gulf Keystone Petroleum priced its $250m 2017s on Tuesday with a semi-annual coupon of 13%, the highest interest rate offered from the CEEMEA region since South Africa’s Edcon sold €425m 13.375% 2019s in November.
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The newly listed shares of Emirates REIT traded up on their first day on the Nasdaq Dubai on Tuesday, after the IPO for the Sharia-compliant investment firm was increased in size and priced at the bottom of the range at the end of last week.
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Turkey priced a €1bn 12 year euro transaction almost flat to its secondary curve this week, although there was some disagreement about where the borrower's outstanding euro bonds were trading before the new launch. But bankers on the bond argued that a slim concession, strong oversubscription and an impressively granular book had made the deal a clear success.
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The Lebanese Republic finished an exchange offer coupled with a tap and a new benchmark bond this week. It priced the new bonds with small premiums and secured its highest participation rate yet for an international exchange, said a banker on the deal.
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Luxembourg’s government will take extra time to draft a sukuk bill in the hope it can persuade its Council of State not to demand a longer, three-month delay of the Grand Duchy’s Islamic bond debut.
