United Arab Emirates
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The United Arab Emirates is attracting inflows from global equity investors, aided by a vibrant pipeline of jumbo flotations -
Middle East issuance, both Islamic and conventional, has dried up in part due to the high oil price
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Latest UAE privatisation could value the chemicals company at $20bn
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Adnoc and Borealis plan to float 10% of the chemicals company in the UAE’s latest privatisation
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New hire joins after previous head went to Mizuho
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The Emirate is offering around 10bp premium to investors after narrowing from initial price guidance
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The only new CEEMEA bonds this week were from higher rated Middle Eastern issuers
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Middle East issuer is the first non-sovereign to print a bond since Russia's invasion of Ukraine
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Boubyan Bank has reactivated a deal put on hold by the Russian invasion of Ukraine
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The well known issuer also saw a high level of interest from international investors
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Kuwaiti lender Boubyan Bank put its sukuk on hold on Thursday after the Russian invasion of Ukraine shut down primary bond markets
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The wider CEEMEA primary bond market has been shut for a week but sukuk issuers are ploughing ahead
