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In 2022, the Kazakh railway company aborted plans to issue in dollars
The bank is offering over 100bp of premium to the Kazakh sovereign
Data
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Books will open on Sunday for Aramco’s first follow-on since IPO -
◆ Which banks sell in run-up to rate cuts ◆ South Africa election and the bond market ◆ Saudi Arabia leaves peers behind
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Books were two times covered for three Gulf banks bonds this week
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The prices on offer mean little pushback from investors when Saudi Arabia issues more than planned
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Sheer volume of issuance prevents sensible comparison to peers
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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
