GCC
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Trade was the largest so far from the Dubai property developer -
Additional tier one issuance from Qatar will be far lower than that from Gulf neighbours
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AT1 from Qatar are far rarer than those from the UAE or Saudi Arabia
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Official moves from top three issuer in Middle East to top bank
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Jordanian bank wants to move into investment banking
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Very few, if any, Gulf issuers are looking at sterling bonds
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Premium to dollars was in the high single digits, said a lead
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The UAE bank capped the deal size at $500m, gaining some leverage over pricing
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Attractive pricing versus dollars luring GCC borrowers back to the single currency
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Investors are still showing big demand for the Dubai real estate firm's sukuk despite two sell-offs in a year
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The company has enjoyed two rating upgrades since its last sukuk issuance
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Some price discovery needed due to sukuk format and long tenor
