Middle East

Turkish lender Vakifbank is on a roll in the loan market this week, out with a bilateral facility and a syndicated deal.

Turkey’s Garanti Bank on Thursday joined the pre-Fed rate rise rush to open books on a senior six year bond with a 35bp-40bp premium.

Oman’s sovereign wealth fund, which is accessing Asian liquidity for a $600m acquisition loan, has bagged commitments from Taiwanese banks.

Akbank emerged with pricing on an inaugural subordinated dollar bond on Wednesday morning after wrapping up two days of investor meetings in the US and UK.

It has been all about sub debt in CEEMEA this week, as a trio of borrowers took advantage of investor appetite for yield to boost their capital bases.

Warba Bank was on course to become the third Kuwaiti lender to raise capital via the sukuk market after setting final guidance for a debut additional tier one (AT1) deal.

Qatar Re drew nearly $6.5bn of demand for its debut hybrid dollar deal, the first in the format from an insurer from the CEEMEA region.

The CEO of HKEX may be keen for Saudi Aramco to list in Hong Kong but as our columnist Clawback explains, there are more reasons for the Saudi oil giant to bypass the city’s exchange than to pick it for a listing.

Five new IPOs were announced in EMEA this week as the market enters a crucial window in the run-up to Easter.

Turkish lender Vakifbank has signed a three year bilateral loan agreement with ICBC’s Dubai branch for $250m.

Akbank is planning to return to the Eurobond market after a two year absence with its first ever subordinated dollar deal.

Qatar Re has emerged with pricing for the first ever hybrid from a Gulf insurer following the conclusion of a three day roadshow on Friday.