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As war drags on, banks are boosting hoards of cash after deposit outflows
Just getting a deal done should be considered a success
Deals in the past fortnight have been solid but US Treasury yields are volatile and rising
Data
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Oversubscription rate has fallen from last autumn, but concessions have shrunk
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Deal could raise $900m, more Gulf sell-downs are expected
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Banks are taking back control after Covid
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Al Rajhi offers tier two social sukuk, Doha Bank a senior five year
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CP programme launched over the summer
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◆ Record Gilt and hot sterling bonds give the lie to ‘UK crisis’ chatter ◆ Emerging market bonds bask in rampant demand ◆ Qualms creep into public sector bonds as investors get choosy
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Sponsored by CAF – Development Bank of Latin America and the Caribbean
CAF gearing up to transform regional development
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Sponsored by Emirates NBD Capital
Emirates NBD Capital: An unrivalled conduit for Middle East liquidity
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Sponsored by European Investment Bank
European Investment Bank: Supporting sustainable development in North Africa