Middle East
-
Saudi wealth fund’s dual trancher was a 'pretty textbook' trade -
The sovereign wealth fund is building on the momentum of Saudi success
-
The bank has had a stellar start to bond and sukuk sales in 2025
-
Issuance will quieten in the next two weeks after a busy start to 2025
-
Books for dual trancher exceed $2.75bn despite 'squeezed' Turkish levels
-
-
Making fair value estimates for the AT1 deal was tricky
-
Shariah-compliant credit facility expected to play 'pivotal role' for the borrower
-
Combined books for the two trades came to nearly $8bn
-
AT1s and senior deals from Saudi and Bahrain are expected early in the week
-
Hybrid issuance had all but disappeared in the last few years from emerging markets
-
New issue concession was minimal at worst, estimated bankers
