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Deal is only fourth accelerated sale in a quiet year for Saudi blocks
Market is particularly interesting for banks doing capital trades
Company has offered the highest yields on Saudi Arabian new issues in the last few years
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More articles
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Unusually, low rated credits are leading the pack
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Only a few issuers will be able to bring deals as investors digest recent glut of issuance amid data and holiday disruption
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Demand for sovereign deal brings hopes that corporate supply will follow
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Around 50bp of concession offered at IPTs
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With third bond of 2023, sovereign wraps three quarters of external funding
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Listings by privately owned companies are expected to play a greater role in the Middle Eastern IPO market this year
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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