.png){kind=logo}
GC Asia
-
QNB taps CNH liquidity for Rmb1.5bn bond
Qatar National Bank, a frequent issuer in the offshore renminbi bond market, has sold its first deal of the year in the currency, raising Rmb1.5bn ($232m).
22 Jan 2021 -
National Commercial Bank USD1.25bn 3.5% PNC6 AT1
21 Jan 2021 -
Bahrain USD500m 4.25% Jan 28 USD1bn 5.250% Jan 33 USD500m 6.250% Jan 51
21 Jan 2021 -
NCB sells AT1, market anticipates govvie deal
Saudi Arabia’s National Commercial Bank sold an additional tier one bond this week. Some see the trade from the kingdom’s largest financial institution as a prelude to a bond sale by the sovereign, which could happen next week.
21 Jan 2021 -
HSBC team to target MENAT ESG activity
HSBC has created a dedicated sustainable and transition finance team for the Middle East, North Africa and Turkey, as the region tries to make its economies more sustainable.
21 Jan 2021 -
Bahrain sells triple-trancher, following fellow HY Gulf sovereign Oman
The Kingdom of Bahrain launched a $2bn triple-tranche bond on Wednesday, the second sovereign trade from the Gulf region this year. Both trades have, somewhat unexpectedly, been done by junk-rated governments.
20 Jan 2021 -
High yield explosion as Bahrain and Turkey storm into market
Turkey and Bahrain took to primary markets to raise bond funding on Tuesday. But the appearance of two high yield credits has not driven unqualified enthusiasm for all borrowers in that asset class.
19 Jan 2021 -
Saudi’s biggest bank mandates, market awaits sov
Saudi Arabia’s National Commercial Bank (NCB), the largest financial institution in the kingdom, has mandated banks to arrange a tier one dollar sukuk. The deal may act as a prelude to a potential bond sale by the sovereign, which bankers say could happen as early as this week.
18 Jan 2021 -
Saudi lands $3bn export financing agreement with Korea
Saudi Arabia has secured an export financing agreement with Korea’s export credit agency and trade insurance corporation. The deal, which will bolster trade between the two, is the kingdom’s second ECA-backed deal.
15 Jan 2021 -
High yield issuers take front stage though CEEMEA ‘underwhelming’
Junk-rated emerging market sovereigns Benin and Oman sold bonds this week, with market participants saying their new issue premiums were minimal. However, bankers think total activity across CEEMEA over the last two weeks has been “underwhelming”.
14 Jan 2021
