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Top section
◆ Middle East capital securities will need to be refinanced ◆ Supranationals, agencies and municipalities have had a good war ◆ New ideas to promote covered bonds
Economic damage from the Middle East war will last for months, if not longer
Central banks in the region have stepped in with support and lenders are thought unlikely to let sub debt extend
Data
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Supranational navigates a tough market to take target size with SAB at an attractive level
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It priced a little wider than fellow sovereign wealth fund Mubadala this time
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Demand was nearly eight times the deal size
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Islamic buyers are showing keen demand for subordinated sukuk
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UK oil and gas company issues first bond after huge acquisition
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Deal will allow company to reduce interest cost
Sub-sections
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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