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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Qatar First Bank (QFB), a Qatari Islamic bank, has appointed Ahmad Meshari as acting chief executive officer.
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Abu Dhabi bank Al Hilal has released price guidance on its five year debut sukuk, breaking a four month absence of Middle East sukuk deals from the market. -
Saudi Basic Industries Corporation (Sabic) priced a $1bn five year bond on Thursday morning. It marked the first international deal from the Middle East in months and the first in conventional format from a Saudi borrower since 2010. The rarity value helped Sabic attract demand five times the deal size, but meant the outcome offered a limited illustration of appetite for other Middle East credits.
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Saudi Basic Industries Corporation (Sabic) launched a $1bn five year bond on Thursday morning. It marked the first international deal from the Middle East in months and the first in conventional format from a Saudi borrower since 2010. The rarity value helped Sabic attract demand five times the deal size, but meant the outcome offered a limited illustration of appetite for other Middle East credits.
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Saudi Hollandi Bank hopes to sell Basel III compliant sukuk in a private sale and has asked shareholders to approve the plans.
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Almarai has given guidance of 200bp over six-month Libor as it looks to issue SR1.7bn ($453m) of perpetual tier one sukuk – the first of its kind from a Gulf corporate borrower.
