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Like many senior sukuk from the Gulf, local investors will drive demand
Order books are more concentrated than before the war, said a banker involved
EM debt investors had largely expected a debt treatment would be required
Data
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Chinese after-school education provider OneSmart International Education Group has filed an IPO prospectus with the US market regulator for a New York Stock Exchange listing of up to $300m.
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Credit Suisse’s top man in loan syndications for Asia is leaving the bank to pursue new opportunities, according to sources close to the move.
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Oman’s Bank Sohar has successfully closed the syndication of a $300m loan, underwritten by Bank ABC and Commerzbank in December.
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Saudi Arabia has increased its loan from $10bn to $16bn as banks line up to join the facility, according to a statement from its Debt Management Office (DMO).
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Arab Petroleum Investments Corporation (Apicorp) became the second issuer from the Gulf to tap the offshore renminbi market this week, making this year already the biggest on record for Gulf renminbi bonds.
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Turkcell, Turkey’s leading mobile phone operator, is preparing the ground for issuing a new Eurobond, and has applied to the country’s capital markets board for approval.
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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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Emirates NBD Capital: An unrivalled conduit for Middle East liquidity
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European Investment Bank: Supporting sustainable development in North Africa