United Arab Emirates
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The lender has landed inside a recent QNB trade in euros -
Dubai Islamic Bank has priced at fair value
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The US shutdown has not stopped deals, but its end may make primary even better
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Yields are far lower than when the industrial investor debuted in 2023
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Five banks in the GCC have opened books, or plan to, on new paper this week
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Regulatory processes to print Panda bonds are still complex and opaque, but have improved
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It can take a long time to prepare Panda bonds, which can put off issuers
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Investors are nervy over trade tensions between the US and China
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The sovereign wealth fund will price inside ADQ, the country's other fund
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The rare issuer has links to the Dubai sovereign
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Emirate prices far inside best US corporates
