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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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The real estate company continued a spike in primary market activity from Gulf issuers
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Mashreqbank priced at 8.5% after starting with guidance in the mid to low 8% area
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Year-to-date bond issuance volumes from GCC are down more than 75%
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Lenders from the region are cautioned to fund in their home markets for now
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Scale of June sell-off shows vulnerability of EM high yielders
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Head of asset and liability management makes internal move to head up Santander’s Chilean markets business
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Emirates NBD Capital: An unrivalled conduit for Middle East liquidity
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Sponsored by European Investment Bank
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