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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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Runway for lessors to use sukuk paved by Air Lease last year
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Sukuk has a novel call option to enable the Dubai real estate firm to refinance in 2026
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Trade is the first sukuk from a Gulf bank since early summer
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Saudi Arabia's sovereign wealth fund is printing its second sukuk of the year
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Supply from the Gulf Co-operation Council is going to be heavy over the next few weeks
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The vast majority of issuance from Kuwait is from banks, making this a rare opportunity for buyers