GCC

Noor Bank made its additional tier one (AT1) debut on Tuesday, raising $500m with a perpetual sukuk.

Omani electricity firm Majan Electricity Company has secured a $350m loan, according to two bankers, and sister company Dhofar Power Company is close behind with another deal.

Bank Muscat signed its $315m club loan late on Monday and all, barring one, of the lenders also arranged the bank’s bond issue last month.

DP World was on track to print a new seven year sukuk on Tuesday morning after receiving over $1bn of valid tenders for its existing $1.5bn 2017 sukuk.

A $100m three year loan for Doha Bank has launched into syndication with Mega International Commercial Bank as sole mandated lead arranger and bookrunner.

Emirates Islamic saw strong demand for its first guarantee-free sukuk on Monday. So keen were investors to get hold of the paper, that the issuer increased the size of the deal by $250m.

Noor Bank is book building for a five year additional tier one sukuk which is expected as to be Tuesday's business as the market recovers from a US Federal Open Markets Committee-related spook.

Etihad Air Partners was on Monday talking a new five year deal at pricing inside where it printed a similarly structured bond last September. The deal is expected to be printed as early as this week.

Oman’s Bank Muscat is in the process of signing a club loan of about $300m, according to one banker who was invited to join.

Emirates Islamic Bank launched a $750m five year sukuk on Monday in a hectic market for Middle Eastern issuers.

Saudi Arabia has released a request for proposals for its much anticipated international bond. GlobalCapital has details.

The Gulf region is on for a record first five months of the year for bond issuance with Qatar, Noor Bank, Etihad and DP World all mandating this week.