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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Dubai’s rollover of $20bn in debt with the UAE central bank and Abu Dhabi has banished the last spectres of the 2009 Dubai World crisis. But while its new found breathing room makes the emirate a very attractive proposition, what Dubai chooses to do with this should be the litmus test for foreign investors. -
The Central Bank of Bahrain (CBB) will pay a 1% return on its latest BD20m ($53m) of short term sukuk al ijara — a tightening from last month’s issue which paid a 1.1% return.
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Eastern Sugar Company (Nuran Sugar) is set to sign a loan worth E£1.5bn ($217m) with 10 banks. The deal is expected to close in mid-April, according to Walid Hassouna deputy general manager and head of Islamic banking at Bank Audi
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Emaar Properties, the Dubai-based property developer, is set to raise up to Dh9bn ($2.45bn) through listing its shopping centre and retail subsidiary, a deal that will see the secondary offering of up to 25% of the company’s equity.
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Dubai bonds and sukuk traded up on Monday, after United Arab Emirates authorities revealed that its recently rolled over debt was refinanced on better than expected terms.
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The bond market on Monday reacted calmly to a Crimean declaration of independence and its application to join Russia. Russia's bonds are still under pressure and CDS levels are still rising. But the primary CEEMEA market remains open, and Middle Eastern borrowers are among those planning deals, said EM debt bankers.
