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Top section
Issuers of senior debt are under little pressure to print, and can wait
There is still a pipeline of issuance from the country
The US bank is reshuffling several roles in the Middle East
Data
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The company is by far the most prolific issuer of hybrids in the Gulf
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Recent sluggishness experienced by a Saudi AT1 is unlikely to be repeated for KFH's deal
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A $300m replacement size is needed, but the issuer may go slightly larger
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The US shutdown has not stopped deals, but its end may make primary even better
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Only a few issuers had to pay any NIP, and none were in double digits
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