GCC
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Commercial Bank of Dubai is settling for a smaller print and wider spread than originally indicated on its latest five year dollar bond, according to rival bankers and buyers. -
The Sultanate of Oman will launch syndicated for its $1bn sovereign loan tomorrow (Wednesday), according to a banker on the deal.
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Commercial Bank of Dubai has released initial price thoughts for a five year dollar benchmark at mid-to low 200bp over mid-swaps.
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Bahrain has picked banks for investor meetings ahead of a dollar bond deal and starts investor meetings this week.
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The Ranger went on the hunt for meditating bankers and found that each in the market has their own definition of inner peace.
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The Sultanate of Oman is tapping the loan market for $500m, its first loan in eight years, as the formerly cash-rich country faces a fiscal deficit.
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Kuwait petrochemicals firm Equate is due to close a $6bn one year loan by early December that will include an Islamic financing component.
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National Bank of Oman has mandated five banks for a dollar perpetual additional tier one (AT1) bond and is starting the roadshow for the deal on November 5.
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The Commercial Bank of Dubai has mandated six banks to arrange a Reg S dollar benchmark bond, and is starting the roadshow for the deal on Thursday.
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Majid Al Futtaim (MAF) priced its latest 10 year sukuk flat or even inside its secondary curve, according to bankers on and away from the deal.
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Mitsubishi UFJ Financial Group’s banking arm, the Bank of Tokyo-Mitsubishi UFJ (BTMU) has launched a new Islamic Finance business to be run from its Dubai branch.
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Majid Al Futtaim (MAF) on Tuesday opened books on only the second Middle East corporate sukuk of the year, as Islamic bond issuance starts to lag behind the 2014 run rate.
