Middle East
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Erdogan has shown that he is willing to listen to foreign investors, but they must act -
Local ECM issuance has suffered a major slowdown this year after a blowout 2022
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Asian buyers are limiting their involvement in Middle East bonds for all but the very best issuers
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The sovereign has already raised $16bn this year via a sukuk and a conventional bond
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Some investment grade issuers have the luxury of waiting to print new bonds
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Investors in Asia made up a quarter of a previous sukuk, but few took part in July’s deal
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Sadler returns to Gulf debt capital markets
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Nearly $15bn of Turkish bank and corporate bonds have matured since 2021, with next to no new issuance
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Without an IMF deal Tunisia will struggle to get any more funding from bilateral partners
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Investors and analysts fear central bank has not gone far enough in its fight against inflation following rally in bonds
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An Abu Dhabi investment firm has committed to $8.5bn of earthquake relief bonds
