GCC
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Up to 30bp new issue premium offered at initial pricing disappeared -
Gulf lenders continue subordinated issuance spree with fresh SNB deal
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Fair value for deal is a little bit above the 7% yield area, said leads
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After a very busy period since June began, the pipeline has thinned out
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Another Saudi lender is preparing a senior debut
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Strong performance of recent Gulf capital deals bodes well for the upcoming sale
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Cornerstone investors agree to cover 77% of the Saudi utility's deal
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Big moves from guidance, small concessions paid
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NBK, QIC and RAK Bank looking for subordinated bonds
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Bankers familiar with deal blame Iran-Israel conflict for price plunge
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More Gulf banks, outside Saudi Arabia, are preparing subordinated bond issues this month
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The market is calm, said bankers and investors
