Middle East

Saudi Arabia could still print its widely anticipated bond in July, according to several EM syndicate bankers.

United Arab Bank’s has signed up four more banks to join the three initial leads on its latest $150m two year loan.

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.

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.

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.

UniCredit is expanding its business in the Middle East and is in the process of opening a new branch in Abu Dhabi.

ING Bank Turkey has signed a 367 day loan facility with a group of 26 lenders, joining Turk Eximbank and TSKB in issuing loans.

Emerging market bond bankers are already looking beyond Brexit as super-tight spreads in central and eastern Europe, caused by a Remain-led rally, make issuance levels look attractive.

Emerging market credit has ridden the uncertainties of the UK’s European referendum this week and made considerable gains on Monday and Tuesday as support for Remain edged ahead in polls.

Doha Bank has fully exercised an $80m greenshoe option on its Taiwan targeted syndicated loan, increasing its size to $180m.

Securities in National Bank of Abu Dhabi and First Gulf Bank shot up on Monday morning in reaction to the prospective merger of the two Middle East banks. The creation of a "national champion" would be a positive for the market, said bankers in the region.

Covered bonds, green bonds, tier twos and senior — Turkish issuers have turned this year of lower funding needs into a meze platter of unusual and groundbreaking bonds. Francesca Young reports.