GCC
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Emerging market issuance is picking up steam once more, despite the weakening across the board in secondary levels. -
Turkish president Recep Tayyip Erdoğan waded into the drama unfolding in the Middle East on Tuesday morning. He called the disappearance of journalist Jamal Khashoggi a “pre-meditated” and “political murder”, but stopped short of revealing new evidence and left investors unfazed.
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Islamic Development Bank’s first euro sukuk benchmark is expected to come later this week, following the conclusion of the roadshow on Tuesday.
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Oman has picked five banks to run the books for a seven year dollar benchmark, following an investor call scheduled for Tuesday.
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Saudi Arabia has found itself mired in controversy this week over the disappearance and alleged murder of Saudi journalist Jamal Khashoggi. The news has battered Saudi asset prices, but bankers said the market would likely still absorb bond issuance at the right level.
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The loan market is weighing up the fate of billions of dollars worth of deals after the disappearance and possible murder of Jamal Khashoggi, a prominent Saudi journalist who had criticised the regime. Mariam Meskin and Mike Turner report.
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The accusations leveled at Saudi Arabia over the disappearance and alleged murder of journalist Jamal Khashoggi deserved more than the blip in Saudi trading we saw this week. There are sound, financial reasons why investors should be wary of investing in the country, no matter the size of its oil reserves.
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United Arab Emirates-based National Central Cooling Company (Tabreed) is embarking on a roadshow to market a debut senior unsecured dollar Reg S sukuk.
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Islamic Development Bank has picked banks for a roadshow promoting its debut euro denominated sukuk benchmark — for the second time this year.
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Despite a flurry of announcements by business leaders that they were abandoning their visits to a Saudi conference amid claims of the torture and murder of a journalist, IMF boss Christine Lagarde said she would go to Riyadh to “speak my mind”.
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Gulf International Bank has cancelled a five year dollar bond that it began roadshowing at the end of September.
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