GCC
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Bank set to issue 106.4m shares at $4.48 per share -
First Abu Dhabi joins the syndicate for the short term loan all but equalling the size of a previous revolving facility
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Top 25 shareholders and new investors participate in previously delayed offering, but some shares left over after subscriptions closed
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Renamed company's $4.2bn murabaha facility has lifted Saudi banks
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Private placements may have hung around much longer than first expected but their dominance may be at an end
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Mizuho, HSBC, StanChart and SMBC ran the first syndication for the KIA since 1999
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Sukuk volumes much slimmer this year
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Only one Gulf issuer has printed a blue bond in the public market
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◆ Oil trumps politics ◆ Kuwait scores late winner ◆ How to save Thames Water harmlessly
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Issuer has set the stage for peers to return to public market
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The trade may persuade other top-tier GCC sovereigns that the public market is open
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The sovereign is focusing on price, not size
