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Qatari dairy company’s rights issue struggles to get done
Like many senior sukuk from the Gulf, local investors will drive demand
Order books are more concentrated than before the war, said a banker involved
Data
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Western lenders had planned to stand by Russia until the invasion of Ukraine in February -
The highly rated supranational is more price-sensitive than the standard LatAm issuer
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A successful print for Development Bank of Kazakhstan could encourage more CIS issuers
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The debutant already has orders for nearly half the $300m target
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Proceeds from any new bond will be used for the tender offer on the parent company's 2026s
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
