Middle East
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One Turkish bank expects a third of lenders to drop out of loans this autumn
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Expected rollover rates in the latest Turkish bank loan refinancings suggest lenders are reducing their exposure
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New deals announced this week to keep market busy into year-end
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The size of the Turkish lender’s new loan is much reduced from previous deals
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Saudi Arabia’s IPO market has thrived this year despite the global downturn
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The liability management exercise came at the same time as a $5bn new issue
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Unlike other Turkish banks which have either called or stuck with old bonds, Fibabanka tried an exchange
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Cooling firm is latest state-owned company to be floated in Dubai
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Bonds in euros from CEE fared better than dollar deals from the Middle East
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One bondholder did query how Saudi Arabia went about the exercise
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The development finance institution is offering a 'generous' spread, said one investor
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The strong demand for Saudi Arabia meant another GCC issuer could not tighten as much as hoped