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◆ Oil trumps politics ◆ Kuwait scores late winner ◆ How to save Thames Water harmlessly
Placement 3.7 times subscribed, weeks after regulator halted unauthorised marketing of a purported public offer
Cracks emerge in underlying quality as banks appear to teeter further into cautiousness
Data
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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-investment grade issuance from Gulf banks is very rare
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Securitization, new hedging techniques, more collaboration needed to pull in private sector
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