United Arab Emirates
-
Rare borrowers Burjeel Holdings and Avilease also marketing deals -
Book coverage ratio was in the same area as Gulf banks' pre-Iran war euro issuance
-
Bank's $1bn sukuk continues the AT1 deluge despite resumption of air strikes
-
The bank exercised a call date a month ago and has another late this year
-
DLT expertise will be needed as markets are modernised
-
Missile alert stunted flow, but pricing still the main barrier
-
Dollar sukuk prices tight to secondaries, but the issuer's spreads are much elevated since its last print
-
Issuers of senior debt are under little pressure to print, and can wait
-
Observers wanted 30% of allocations to go overseas, but ENBD fell a little short
-
Tight price and strong book reported as market awaits geographic breakdown
-
Flood of AT1s expected to follow the first public trade from the Gulf in over two months
-
The Iran war has led to a flurry of private trades from the Gulf
