Middle East
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Kuwait’s Equate bargained hard on the terms of its latest $5bn bridge loan refinancing, bankers said, and the syndicate for the latest loan shrunk as some lenders passed on the deal.
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Kuwait's Burgan Bank has picked five banks to manage its senior bond offering after establishing a new EMTN programme on Sunday.
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Kuwait's Burgan Bank established a new EMTN programme on Sunday which has taken it one step closer to issuing in senior format.
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Turkey’s Halkbank signed a $705m-equivalent annual loan refinancing on Monday morning after issuing a benchmark bond last week to strong demand.
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Turkey's state-owned Halkbank on Thursday printed the first CEEMEA bond since the UK's Brexit vote threw EM into a brief bout of chaos last week and in defiance of terror attacks in Istanbul.
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Saudi Arabia could still print its widely anticipated bond in July, according to several EM syndicate bankers.
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United Arab Bank’s has signed up four more banks to join the three initial leads on its latest $150m two year loan.
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Oman on Wednesday printed the first benchmark sized note from the CEEMEA market since the UK’s vote to leave the European Union last Thursday sent markets into a tailspin.
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In Turkey a series of explosions at Istanbul’s Atatürk international airport on Tuesday left at least 41 people dead and many more injured. But the market response has been muted.
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Turkiye Sinai Kalkinma Bankasi (TSKB) signed its annual 367 day loan refinancing on Tuesday, raising slightly more euros and slightly fewer dollars than last year.
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UniCredit is expanding its business in the Middle East and is in the process of opening a new branch in Abu Dhabi.