Middle East
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Several events have improved investor sentiment around the Turkish lira, but analysts warned that options are underpricing risks from the politicisation of the central bank and the weakened tourism outlook. -
Turkey’s Alternatifbank is offering a juicy 10% handle at initial price thoughts stage for the second new style Basel III compliant tier two note from Turkey this year.
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The debut Turkish euro-denominated mortgage backed covered bond from Vakifbank, mandated on Thursday, could initially price slightly wider than the sovereign. But over time it should move tighter, said Mustafa Turan, head of international banking at Vakifbank, in a roundtable.
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Cheap euro loans from European banks are attracting the attention of typically dollar hungry EM borrowers, as Qatar National Bank (QNB) launched a rare offer in the currency.
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Ahli Bank Qatar printed its $500m five year bond on Wednesday from a $1.2bn book, demonstrating that there is investor demand for Middle East bank debt at the right price.
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Turkey's Isbank has appointed a new head of international financial institutions to replace Fikret Utku Özdemir who has a new gig in the corporate marketing division.
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Rather than cherry picking its favourite banks for its $10bn sovereign loan, the Kingdom of Saudi Arabia will “pull together a handful of banks” to get the deal done, according to a banker in discussions with the sovereign.
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Turkiye Vakiflar Bankasi (Vakifbank) is meeting investors for what could be the first ever international mortgage backed covered bond from Turkey.
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Turkiye Vakiflar Bankasi (Vakifbank) is meeting investors for what could be the first ever international mortgage backed covered bond from Turkey.
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Ahli Bank Qatar has tightened price guidance for its debut bond to 265bp-275bp area over swaps, and the deal looks set for success, according to a banker away from the mandate.
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You would think that a role in Saudi Arabia’s first loan in over two decades would be the golden ticket for any bank, but it’s not to everyone’s taste.
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Qatar National Bank is turning to euro funding with its latest €1.5bn loan, which was launched on Tuesday.
