Top section
Top section
Demand well above expectations, given books opened on an FOMC rate decision day
Some price discovery needed due to sukuk format and long tenor
As with other private placements from Africa, observers have questioned the merits of the format
Data
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Bankers expect the deal will price tighter than issuer's previous outing
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Other EM sovereigns in a much more dire state than Argentina have still tried to pay their debts
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Previous country head Richard Gush relocates to London
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Having a credit agency on board can help secure a longer tenor, said one loans banker
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The Middle East's IPO market remains resilient despite geopolitical tensions in Israel
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One investor sees Turkish issuers as sensible for tapping the market so late in the year
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