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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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Sukuk issuance is very rare outside of the sovereign in Turkey
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Issuer's first Islamic issuance of 2024 takes over $2bn in demand
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Gulf primary bond market is strong despite escalation between Israel and Iran
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Taqa's new debt attractively priced, said one fund manager
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The issuer could have issued last week but held off due to heavy competing issuance
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Investors face taking on loss sharing, changing the fundamental nature of sukuk