Middle East

Emerging market bond investors are confident the stellar start to the year can continue, particularly after the US Federal Reserve did little to dampen their spirits at its latest monetary policy meeting this week

Turkish private sector issuers tipped to follow with deals of their own

Bookrunners were unsure how much demand there would be given the drought in Turkish bank issuance

Turkish state owned banks are not under government pressure to issue in dollars, said bankers

The state-owned export bank drew a book over $1.75bn in a now rare non-sovereign deal from Turkey

Oman's OQ launched the flotation of its oil drilling business, Saudi regulators approved IPO of TAM Development

Olam Agriculture and Adnoc Gas are among the companies from the region tipped to list over the coming months

Issuer started around 40bp wider than a fellow Israeli bank, said an off-deal banker

Turkey's economic woes have subdued its IPO market for years

GCC issuance has been limited to FAB and Saudi Arabia but is expected to pick up

$2bn debut will likely be Israel's only benchmark of 2023 but taps or private deals possible

Scarce Israeli issuance means that when issuers from the country do come to market, investors pile in