GCC

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.

Dubai-headquartered Emirates NBD is paying 150bp all-in pricing for its latest loan, tightening from the cost of the previous financing, according to a banker close to the deal.

Middle East banks are still drumming up strong demand from the loan market despite bearish ratings for the region this week, with Qatar National Bank and Emirates NBD testing the market.

Ooredoo, one of the largest telecommunications firms in the Middle East and Africa, is refinancing a $1bn three year revolving credit facility, according to two bankers.