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◆ Gulf private placements bite back ◆ Bond new issue premiums rise ◆ CLOs catch a break
Business has sagged in the third quarter, but the pipeline is busy, despite an intractable war
Private bonds are now being offered in the open market wider than where public deals trade
Data
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International investors are expecting a big sukuk premium
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First paper from Middle East since start of Israel war
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CEE corporates have not issued in euros for four months
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Borrowers are focused on cheaper pricing rather than bigger size, say loans bankers
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MDBs need a massive shift to scale up
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Trade is shifting to south-south, but that does not necessarily bring cultural solidarity or liberation
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