Middle East
-
The kingdom revamped its green finance framework after the original was met with scepticism -
A senior trade from Yapi Kredi on Monday drew a book more than three times the deal size
-
The trade has found a 'decent reception' so far
-
The kingdom is set to be the second GCC sovereign to issue a green bond
-
The UAE district cooling company is a rare issuer, but a very well-known one
-
Excluding the first weeks of the last two years, it was the busiest week since early 2023
-
Wednesday’s Siemens Healthineers selldown was multiple times oversubscribed
-
-
The spread over the sovereign could be as little as 10bp-15bp
-
Limiting the trade to $500m meant the issuer could get inside fair value
-
Damac boosted the size to $750m from earlier guidance of $600m
-
The bank landed well inside fair value estimates, according to three observers
