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Top section
The bank tightened a little more than a UAE peer did on Tuesday
The euro tranche is a refi of a bond maturing later in September
Proceeds expected to go towards growth, including expanding what the company says is Africa’s biggest refinery
Data
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Orderbooks have bulged since the Fed rate cut and new issue premiums are minimal — if they exist at all -
Sukuk from Western issuers are very rare
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Uzbek bank eyes bigger, brighter future in capital markets
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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
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
