Middle East
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Senior banker will move to Abu Dhabi to take up position
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Central banks in the region have stepped in with support and lenders are thought unlikely to let sub debt extend
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A prolonged oil shock will hurt airlines, but a Covid-style industry collapse is a long way off
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Six tranche loan attracts record demand
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Borrowers from the Gulf region have a track record of remarkable primary market prints
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Asian buyers are sensitive to geopolitical turmoil in the Middle East, but they do return
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◆ Hyperscaler sets new standard for European corporate bond market ◆ What it will it take to get a bank to issue in euros again ◆ Iran war could reshape ultra-competitive Gulf capital markets
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Conflict marks inflection point for investment banks as syndicated loan exposure and crushed bond fees come under scrutiny
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Many bankers find reasons to leave the region
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Issuers said to be holding back until market steadies