GCC
-
Strong appetite from international banks for first gigascale 24/7 solar plant -
Buyers are tiring of Gulf capital trades after a busy first half
-
Hires bolster M&A, ECM, and leveraged and acquisition finance teams
-
More AT1 supply is coming as 2026 already approaches last year's volume
-
The Saudi company's deal offered little — if any — new issue premium, says leads
-
Gulf AT1 issuance is much higher than last year, tiring out investors
-
The bank was set to price about 25bp over fair value
-
The lender offered a premium of about 35bp to the top-tier UAE bank issuers
-
Mashreq will add to a steady drip of AT1 from the Gulf
-
Most of the demand came from local investors, as one banker expected
-
Price was 'way off' fair value, according to a source on the deal
-
The firm's second Eurobond offered a premium of about 70bp to its parent at initial pricing, but AviLease was able to halve that
