Middle East
-
◆ Simplification plans boggle banking boffins ◆ Hungry, hungry hyperscalers to push utilities into bond market ◆ A loan in the sand: private credit jostles for place in Middle East debt markets -
Local bank liquidity is crowding out private lenders
-
Sovereign gets bigger size and longer tenor in dirham despite closing market
-
PIF's commercial paper programmes have been rated by S&P
-
Tuesday's 7.5 year sukuk will be the sovereign's second auction
-
Deal is only fourth accelerated sale in a quiet year for Saudi blocks
-
Market is particularly interesting for banks doing capital trades
-
Company has offered the highest yields on Saudi Arabian new issues in the last few years
-
Books were more than three times the deal's $1bn size, although orders did leave
-
Gulf subordinated issuance far outstrips last year's volume
-
The emirate paid no new issue premium for its latest sukuk, bankers said
-
The emirate has been busy in other markets this year
