GCC

Qatar National Bank is turning to euro funding with its latest €1.5bn loan, which was launched on Tuesday.

Ahli Bank Qatar (IBQ) has released initial price guidance for its debut bond, a Reg S dollar benchmark, at 275bp area over mid-swaps.

Ahli Bank Qatar is embarking on a series of investor meetings for its debut bond, a Reg S dollar benchmark.

Dubai Islamic Bank priced the year’s first public bond from a Gulf Co-operation Council financial borrower tight to its existing curve on Tuesday thanks to strong demand from regional investors.

Strong demand from yield starved eurozone investors has triggered a flurry of MTNs from Middle-East issuers.

Aabar Investments has signed a €3.6bn loan facility to repay other debt and reduce borrowing costs, with a targeted syndication set to follow.

Dubai Islamic Bank emerged with the year’s first public deal from a Gulf Co-operation Council financial borrower on Tuesday morning.

Dubai Islamic Bank is embarking on a roadshow for a senior dollar sukuk, and looks likely to be the first bank from the Gulf Cooperation Council to enter the public bond markets this year.

International banks have been keenly awaiting a mandate for $10bn of loans for Kuwait National Petroleum Company (KNPC) and this week the borrower said it was starting the financing with local lenders.

Qatar based Ahli bank has established a $1.5bn euro medium term note programme via a special purpose vehicle.

Dubai Holding cancelled an opportunistic buyback of its 2017 bonds after bondholders asked for asked for too high a cash price, according to a banker on the deal.

State-owned Majan Electricity Company is syndicating an Omani riyal and dollar denominated loan, according to bankers.