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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 sovereign wealth fund paid no concession, but a lead conceded fair value estimates will vary widely
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Demand was nearly £4bn for the sovereign wealth fund's first ever debut in a new currency
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The Saudi wealth fund and sovereign have issued tens of billions of dollar bonds in the last two years
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Books will open on Sunday for Aramco’s first follow-on since IPO
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Books were two times covered for three Gulf banks bonds this week