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There was no clear reason why local banks were not picked, sources said, for first time in 17 years
Local banks play a vital role for the country in both domestic and international capital markets
Saudi Arabia's wealth fund sold a 2% stake in telecoms utility
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Main comparables will be recent deals from Al Rajhi's Gulf peers, not its debut note -
◆ The consequences of sovereign retail bonds ◆ Asset managers alter covered bond landscape ◆ Ramadan drives Gulf deal surge ◆ One word: plastics
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The Emirate did not have to pay a new issue premium
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Yields on Egypt bonds have returned to the 10% area that can allow primary market access
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Tight spreads are drawing issuers and investors to lock in high yields while they can
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Book reaches $1.6bn at launch for five year non-call two
Sub-sections
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Sponsored by CAF – Development Bank of Latin America and the Caribbean
CAF gearing up to transform regional development
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Sponsored by Emirates NBD Capital
Emirates NBD Capital: An unrivalled conduit for Middle East liquidity
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Sponsored by European Investment Bank
European Investment Bank: Supporting sustainable development in North Africa
