United Arab Emirates

After 15 years in the Middle East, and nearly a decade in the role, Commercial Bank of Dubai’s head of treasury and liability management will retire in June.

Noor Bank made its additional tier one (AT1) debut on Tuesday, raising $500m with a perpetual sukuk.

DP World was on track to print a new seven year sukuk on Tuesday morning after receiving over $1bn of valid tenders for its existing $1.5bn 2017 sukuk.

Emirates Islamic saw strong demand for its first guarantee-free sukuk on Monday. So keen were investors to get hold of the paper, that the issuer increased the size of the deal by $250m.

Noor Bank is book building for a five year additional tier one sukuk which is expected as to be Tuesday's business as the market recovers from a US Federal Open Markets Committee-related spook.

Etihad Air Partners was on Monday talking a new five year deal at pricing inside where it printed a similarly structured bond last September. The deal is expected to be printed as early as this week.

Emirates Islamic Bank launched a $750m five year sukuk on Monday in a hectic market for Middle Eastern issuers.

Dubai-headquartered Emirates NBD is paying 150bp all-in pricing for its latest loan, tightening from the cost of the previous financing, according to a banker close to the deal.

Middle East banks are still drumming up strong demand from the loan market despite bearish ratings for the region this week, with Qatar National Bank and Emirates NBD testing the market.

DP World, one of the world’s largest port operators, has mandated nine banks for a dollar sukuk and is looking to price the deal next week.

Emirates NBD is close to finalising a loan of $1.25bn or more, according to two sources at the bank.

The head of loan syndications at Emirates NBD Capital, the investment banking arm of Emirates NBD, has left the bank.