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Concession was higher than trades from earlier in the year
Funding costs and new issue premiums are much higher than GCC issuers are used to
A piece of very rare African senior bank issuance could also come this week
Data
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Higher rate expectations have sharply reduced the possibility of bonds being redeemed this year
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Many bankers find reasons to leave the region
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The region is a net energy importer, but so far bonds have not been affected too much by the oil price surge
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No public, benchmark size bonds have been issued since the conflict started
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Bond prices fell on Monday, but not by drastic amounts
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◆ How banks and bankers are operating in the region under threat of military escaltion ◆ Bond issuance to resume — but how? ◆ Dwindling fee pool poses questions over long-term future for banks
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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