GCC

Zero-E the company that holds the wind, solar and thermal assets of Actividades de Construcción y Servicios has found a private buyer for its Spanish renewables assets, making an IPO unlikely.

Samba Financial Group sold its $500m seven year bond on Wednesday from a book of $2.3bn. A syndicate official on the deal said that follow-on demand from the Kingdom of Saudi Arabia triple tranche print on Tuesday helped to propel the deal.

Bahraini investment group Gulf Finance House printed its $300m five year sukuk on Tuesday from a book of more than $750m.

Saudi Arabia scored a triple tranche dollar deal inside its own curve on Tuesday, raising cash at seven, 12 and 35 years. Samba Financial Group has since followed its sovereign into the market with its own deal.

Bahraini investment group Gulf Finance House is targeting a $300m five year issue for its debut international sukuk.

Two CEEMEA sovereigns are taking the plunge this week — the Kingdom of Saudi Arabia with a triple tranche dollar benchmark and Romania with a dual tranche euro bond.

Frequent syndicated loan borrower and United Arab Emirates-based aircraft lessor Dubai Aerospace Enterprise has raised a $300m term loan with Chinese banks.

Qatar Islamic Bank this week printed the Gulf region’s first Formosa sukuk, as issuers there stepped up their use of increasingly attractive Asian debt markets.

Capital Group, one of the largest asset managers in the US, bought 13.45m shares in NMC Health on January 8, according to a disclosure on the London Stock Exchange. They were worth about £160m. That was the day after a £375m block trade by Saeed Al Qebaisi and Khaleefa Al Muhairi, two of the three controlling shareholders in the UAE health company, which faced criticism from short-seller Muddy Waters of its balance sheet and financial statements in December.

Bahrain Mumtalakat, the country’s sovereign wealth fund, printed its $500m bond on Tuesday at 4.25% having tightened 62.5bp from initial guidance.

First Abu Dhabi Bank printed a quick $500m five year Reg S sukuk on Tuesday morning in London. Because the deal was driven by reverse enquiry, leads started the execution process by announcing final guidance.

Turkish lender Yapi Kredi ventured into the green bond market for the first time on Friday with a rare dollar private placement, its first since January 2016, according to Dealogic data.