Middle East Bonds

Even if ceasefire succeeds, investors will still want a risk premium

Funding costs and new issue premiums are much higher than GCC issuers are used to

Senior banker will move to Abu Dhabi to take up position

Well known banker moves to take MD role

Central banks in the region have stepped in with support and lenders are thought unlikely to let sub debt extend

Higher prices and concessions mean many issuers will wait for better days

International banks still hiring

Borrowers from the Gulf region have a track record of remarkable primary market prints

Asian buyers are sensitive to geopolitical turmoil in the Middle East, but they do return

◆ Hyperscaler sets new standard for European corporate bond market ◆ What it will it take to get a bank to issue in euros again ◆ Iran war could reshape ultra-competitive Gulf capital markets

Many bankers find reasons to leave the region

◆ How banks and bankers are operating in the region under threat of military escaltion ◆ Bond issuance to resume — but how? ◆ Dwindling fee pool poses questions over long-term future for banks