GCC
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Sovereign's $3bn deal tightens well as Asian demand returns
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The sovereign's public and private bonds of similar maturities are trading over 25bp apart
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Private bonds are now being offered in the open market wider than where public deals trade
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The bank tightened a little more than a UAE peer did on Tuesday
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The euro tranche is a refi of a bond maturing later in September
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Treasury volatility means a fair value estimate was more difficult than usual
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Trade follows a private placement the bank made after the US-Iran war started
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Qatari dairy company’s rights issue struggles to get done
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Food systems company’s largest shareholder raises €324m after shares rise on strong results and buyback
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Like many senior sukuk from the Gulf, local investors will drive demand
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Order books are more concentrated than before the war, said a banker involved
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Kevin Warsh's speech at Jackson Hole has pushed up borrowing costs for dollar issuers