Middle East
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Strong investor support propelled three GCC trades this week and with oil edging towards $50 a barrel and local liquidity improving, bankers say there is no reason why record year-to-date volumes can’t be reached by the end of this month. -
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Turkiye Sinai Kalkinma Bankasi (TSKB) has tightened price guidance for the first ever green bond from CEEMEA and demand seems strong enough that it could even be printed inside the development bank’s senior conventional curve.
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Banks have to make their pitches for the $3bn loan for Petroleum Development Oman by Thursday, according to the CEO of HSBC Oman.
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The UAE’s United Arab Bank launched general syndication for a two year $150m loan on Thursday.
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Ezdan Holding, a Qatari property company, has printed the third bond from the Middle East this week, a $500m five year sukuk.
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Turkey’s İşbank increased the size of the dollar tranche in its first annual loan refinancing, for $1.4bn equivalent.
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Quasi-state owned Petroleum Development Oman is reaching out to banks for a $3bn club loan, and asking for chunky tickets of $300m each, according to sources.
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Boubyan Bank has printed its $250m perpetual Basel III compliant tier one issue only around 100bp wide of its majority owner, National Bank of Kuwait, with books at pricing in excess of $1.3bn.
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Boubyan Bank has launched its tier one sukuk, hitting its size target of $250m and setting final pricing well inside initial price guidance.
