United Arab Emirates
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The company's sukuk dropped over 10 cash points on Wednesday, although has recovered since -
The bank has had a stellar start to bond and sukuk sales in 2025
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Hybrid issuance had all but disappeared in the last few years from emerging markets
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The bond has some novel features, said one investor
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The bank will take $600m on a book twice that size
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Hybrid bonds are rare in the Gulf and even harder to find in Africa
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ESG issuance has surged from the Middle East since its first appearance in 2017
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Deal got done with local institutions and finished 2.1 times oversubscribed. International and retail accounts were irked by E&P’s share price tumble
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Internationally marketed IPO pays off as ‘global’ investors come in
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Dubai bank 'impresses with ESG narrative', but opinion divided on instrument's effect to pricing
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After strong results, Delivery Hero is selling 15% of its Middle Eastern division in what will be one of the UAE’s biggest IPOs of the year
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LuLu Retail breaks demand records, as international investors take 30% of the book, including Vanguard and GIC
