Middle East
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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
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Turkey's economic woes have subdued its IPO market for years
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GCC issuance has been limited to FAB and Saudi Arabia but is expected to pick up
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$2bn debut will likely be Israel's only benchmark of 2023 but taps or private deals possible
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Scarce Israeli issuance means that when issuers from the country do come to market, investors pile in
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Bond adds to already strong CEEMEA supply
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The new issue premium on offer was considerably smaller the last new bond issued by the sovereign
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Turkey has benefited from support from official investors in the Middle East
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Scarce issuance from Israel means investors have big demand when deals appear
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Jumbo deal demonstrates the amount of cash investors have to deploy
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Bankers and investors saw the concession as low as zero but as high as 20bp
