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The bank tightened a little more than a UAE peer did on Tuesday
The euro tranche is a refi of a bond maturing later in September
Proceeds expected to go towards growth, including expanding what the company says is Africa’s biggest refinery
Data
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Wider currency mix helped meet demand for high grade paper with attractive yields from the region -
New firm mine. aims to build 'institutional memory' for borrowers
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After a record 2024, Turkish corporate issuance slowed last year
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The company has enjoyed two rating upgrades since its last sukuk issuance
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Demand well above expectations, given books opened on an FOMC rate decision day
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Some price discovery needed due to sukuk format and long tenor
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
