Middle East
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Sovereign bond print went ahead despite missile and drone attacks just before pricing -
DLT expertise will be needed as markets are modernised
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Books on the dollar deal opened just hours after Iran attacked the country
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Israeli issuer called its previous tier two early last year
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The investment vehicle, led by BlackRock, will issue more bonds in future
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The lender only put one investment bank on the mandate, a rarity in Turkey
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Book coverage ratios have also risen as sentiment improves in CEEMEA bond market
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Two more follow Darwish and Safa leaving last month
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Peace agreement will be needed to restore normal enthusiasm
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There is an aggressive hunt for yield by issuance-starved investors in the Gulf
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The duo were the first AT1s from the GCC since Emirates NBD's reopener in April
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Books were more than double the deal's size at launch
