Middle East
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Leads looked at recent European AT1 deals, but picked ADIB's summer trade as price comp -
Bond sales spark questions of who invested and whether issuer was augmenting or replacing public benchmark funding
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The trade was priced at a marginally tighter spread than a recent Gulf bank trade
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Turkish bank adds over a dozen new lenders in large deal
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ADIB likely to be used as main comparable
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The Emirate of Dubai has rebooted its privatisation programme after a year of no activity
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The IPO syndicate, which features what is believed to be the first ever stabilisation mechanism in the UAE, has been rejigged
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Buyers piled into deal as sovereign improvements could provide upside
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Port operator will use the money for a tender and to fund the purchase of bonds it is calling
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The bank hopes its green print will prove a blueprint to others
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Some bond investors questioned if the market was ready for Turkish tier two
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Deal hoped to pave path for other Turkish issuers this week
