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New issue premium was zero, agreed those on and off the deal
Observers wanted 30% of allocations to go overseas, but ENBD fell a little short
Data
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The company has enjoyed two rating upgrades since its last sukuk issuance
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Demand well above expectations, given books opened on an FOMC rate decision day
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Some price discovery needed due to sukuk format and long tenor
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As with other private placements from Africa, observers have questioned the merits of the format
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When staff complain, they deserve a fair hearing, not a wall of silence
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Benin reaped the rewards of its sukuk debut last week, and will do so for years to come
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