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Books were nearly $3bn for its first trade in five years
The UAE district cooling company is a rare issuer, but a very well-known one
Excluding the first weeks of the last two years, it was the busiest week since early 2023
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Combined books for the two trades came to nearly $8bn
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AT1s and senior deals from Saudi and Bahrain are expected early in the week
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Books were over $2.1bn for a $1bn trade
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The Kuwaiti bank was one of GCC's first issuers in 2024
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Deal structured as a Sharia-compliant tranched private securitization
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Sub-investment grade sukuk scarcity drives demand