GCC
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The Gulf kingdom is trying to tackle a very wide deficit and sky-high debt to GDP -
Saudi government-related bond issuance is 20% up year-on-year
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The bank has a business model different to other Gulf issuers
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Bond pricing for the mining company started about 43bp back of its parent
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Sovereign wealth fund takes $2bn, as aimed at
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Very little — if any — premium left for the Public Investment Fund, a major shareholder
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The national champion's AT1 has a smaller investment pool than recent Saudi AT1 sukuk
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CEO named for new branch, more hires to follow
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The company trades tight to its parent, the Oman government
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Meanwhile, Saudi lenders are pricing their first subordinated trades of the year after a record 2025
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Investors showed more appetite for duration than shorter notes
