Middle East
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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
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The state-owned export bank drew a book over $1.75bn in a now rare non-sovereign deal from Turkey
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Oman's OQ launched the flotation of its oil drilling business, Saudi regulators approved IPO of TAM Development
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Olam Agriculture and Adnoc Gas are among the companies from the region tipped to list over the coming months
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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
