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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Saudi Electricity Co has picked banks and lined up roadshows this week as it looks to return to the sukuk market. The company is planning a long dated 144A tranche of at least 15 years as part of the offering, which would make it the first sukuk borrower to look beyond five years since the emerging markets sell-off in May last year. -
The Republic of Lebanon has picked Bank Audi, Byblos Bank and Deutsche Bank for a Eurobond issue, which it will combine with an exchange offer on its 2014 bonds.
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First Gulf Bank is set to price its debut Kangaroo bond on Tuesday, becoming the second financial from the Middle East to sell bonds in the format this year.
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Bahrain’s Khaleeji Commercial and peer Bank Alkhair have decided not to pursue a merger after failing to agree on the structure and valuation of the deal.
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Saudi Electricity Co has picked banks and lined up roadshows this week as it looks to return to the dollar sukuk market. The company is planning a long dated 144A tranche of at least 15 years as part of the offering, which would make it the first sukuk borrower to look beyond five years since the emerging markets sell-off in May last year.
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The Central Bank of Bahrain has issued BD36m ($93.7m) of three month al salam sukuk, with the sale oversubscribed by 311%.
