GCC
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Kuwait petrochemicals firm Equate is in the market for a $6bn one year loan after signing a $3.2bn deal to buy ME Global last week.
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The newly reopened Middle East bond market has tougher tests of demand ahead, with a trio of mandates hitting screens on Monday morning and two others rumoured.
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The Middle East debt market reopened at last this week with two solid sukuk prints. But the twin benchmarks are unlikely to help bankers figure out how the market will hold up when supply starts in earnest.
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Qatar Islamic Bank (QIB) has given an indication of the new issue premiums Middle East names now have to pay. But estimates from bankers away from the deal on the QIB concession were twice as high as from those on the deal.
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Qatar Islamic Bank (QIB) launched the second Middle East benchmark in as many days on Tuesday, as that market shows signs of a healthy restart.
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Qatar Islamic Bank (QIB) has picked banks for a senior Reg S sukuk, and kicks off investor meetings this week.
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Beset by dire predictions and gloomy warnings from all sides as to the future of emerging markets, CEEMEA borrowers decided to ignore the melodrama and produce the second biggest week for issuance of the entire year.
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Istanbul Airport — Yapi Kredi — Ezdan
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Abu Dhabi’s Union National Bank (UNB) signed its latest $750m loan in the nick of time, ahead of a widening margins for Middle Eastern loans, bankers say.
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Abu Dhabi’s Union National Bank (UNB) had to scale back commitments on its recent $750m loan despite increasing it from $500m, a bank spokesperson has claimed.
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Bahrain’s Bank ABC has hired two bankers as it expands its syndication business.