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The bank tightened a little more than a UAE peer did on Tuesday
The euro tranche is a refi of a bond maturing later in September
Proceeds expected to go towards growth, including expanding what the company says is Africa’s biggest refinery
Data
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It is difficult to see issuance conditions growing much better in the foreseeable future -
Société Générale and Standard Chartered provided euro and yen tranches respectively in first World Bank-backed transaction involving the Japanese currency
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Trade follows a private placement the bank made after the US-Iran war started
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Qatari dairy company’s rights issue struggles to get done
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Like many senior sukuk from the Gulf, local investors will drive demand
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Order books are more concentrated than before the war, said a banker involved
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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
