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Most recent
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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Saudi bank drew a book over four times the size of its sukuk debut
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Saudi Arabia’s wealth fund only paid around 5bp over the sovereign’s curve
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Other similarly rated sovereigns have issued with no new issue premium this year
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Demand topped $4bn by midday UK time on Wednesday
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The sovereign wealth fund has already raised $5bn via conventional bonds this year