GCC
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Trade prices inside the curve of Abu Dhabi peer Mubadala
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Privately owned Dubai supermarket group is set to begin trading next week
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Only Saudi banks provide facility, as Western banks say the lack of ancillary opportunities makes the business case difficult
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Orders for the debutant's deal were building 'nicely'
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Dubai supermarket group's IPO is multiple times covered, say sources
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Debut trade from ADQ has been long-awaited, said one DCM banker in the Gulf
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A liquid market for follow-on share sales is the next step for the region’s equity capital markets
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Abu Dhabi book $15bn at first update, Apicorp mandates
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At the initial range, Spinneys will be valued at up to Dh5.5bn ($1.5bn)
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The Qatari bank has landed inside Doha Bank, as expected
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More of Abu Dhabi's state-owned issuers are expected to tap Islamic investors
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Commercial Bank of Qatar is also preparing to return to the bond market after three years
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The Dubai car parks operator's flotation was more than 165 times covered
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The Dubai government is seeking a valuation of up to $1.72bn for its parking business
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Local demand is high enough that issuers can push down pricing, but that puts off overseas buyers
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Main comparables will be recent deals from Al Rajhi's Gulf peers, not its debut note
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The Emirate did not have to pay a new issue premium
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Saudi bank drew a book over four times the size of its sukuk debut
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Saudi Arabia’s wealth fund only paid around 5bp over the sovereign’s curve
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Other similarly rated sovereigns have issued with no new issue premium this year
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Demand topped $4bn by midday UK time on Wednesday
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The IPO will be priced at Sr48 a share, the top of the initial range
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The sovereign wealth fund has already raised $5bn via conventional bonds this year
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More real estate debt on offer despite waning demand
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Listing of Dubai’s car park business to be the Emirate’s latest privatisation
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The emirate may have to offer a bigger concession than some recent sovereign issuers
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Modern Mills is expected to raise $300m on the Tadawul in the first large Saudi IPO of 2024
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Saudi Arabia's Alinma Bank plans a debut issuance in the subordinated format
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The Kingdom is facing budget deficits after 2022's surplus
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Saudi Aramco follow-on could hit $20bn
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Real estate company raises $300m with first sukuk
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The latest privatisation in the Emirate is expected to launch as soon as next week
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The UAE bank was the second top-rated Gulf lender to issue this week
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Books passed $3.6bn for the second Saudi bank sukuk of 2024
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Real estate company is different from others in the UAE that have sold sukuk
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The main comparable is Banque Saudi Fransi's sukuk from January