Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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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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Saudi Electricity Co sold $2.5bn of dollar sukuk late on Tuesday – its biggest ever offering – inside initial guidance. -
Kuwaiti telecoms firm Zain has signed a four year $250m murabaha financing facility with two local banks and one other bank in the Gulf. Zain will use the funds to support its operations and fund its expansion plans.
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Saudi Electricity Co sold $2.5bn of dollar sukuk late on Tuesday – its biggest ever offering – inside initial guidance.
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Investors bought more dollar sukuk in 24 hours, between Tuesday and Wednesday, than they did in the whole of the first quarter, as Damac Real Estate Development went big with $650m and added to Saudi Electricity Co’s bumper $2.5bn.
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Saudi Electricity Company has given initial price thoughts of 4.25% to 4.375% on the 10 year tranche of its sukuk offering – a level that some investors think is generous.
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Damac Real Estate Development has drawn over $1bn of orders after opening books on its benchmark size five year debut dollar sukuk.
