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Even as USTs stay near 5%, supply expected to pick up
Elevated new issue premiums to battle issuer desire to avoid more volatility
◆ The threat of US corporate issuance to European borrowers ◆ The new funding environment for Middle East banks ◆ Reviving UK equity capital markets
As war drags on, banks are boosting hoards of cash after deposit outflows
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Structural problems mean access to the sukuk market from outside the Islamic world is limited
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Like recent Gulf sukuk the Saudi bank’s book was heavily oversubscribed
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Saudi bank appeals to bid for scarcity with first sukuk in over a decade
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Demand for sukuk issuance is high among region's Islamic investors