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
More articles/Ad
More articles/Ad
More articles
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The wave of CEEMEA sovereigns tapping the euro market before the volatility of this week was hailed by most as a temporary aberration from the norm. But issuers with large funding needs should take this opportunity to start nurturing this market more carefully and become regular issuers in both dollars and euros in the same way that the more sophisticated western SSA issuers operate.
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January may have been a wash out for Middle East bonds and sukuk issuers as well as the British public, but one of those groups still has every reason to hope that things will improve.
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Kuwait Projects Company’s $500m five year bond was hailed as a success with tight pricing and good size, but bankers said that as emerging market local currencies resumed their sell off, little other paper from the CEEMEA region is expected this week. Lead managers on the deal were divided as to whether the Kipco demand is indicative of CEEMEA appetite more broadly for the week ahead.
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B Communications, the holding company of Israeli telco Bezeq, wants to sell a $775m-equivalent high yield bond in euros and dollars.
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The Islamic Development Bank (IsDB) has signed an Mr1.8bn ($220m) financing facility with Morocco for drinking water supply projects in Agadir and Chtouka Ait Baha, and the olive sector for small farmers. -
Books for Kuwait Projects Company $500m five year bond are at $3bn, breaking the tension in CEEMEA with a clear demonstration that investors are still willing to buy some paper after the emerging market sell off early this week.
