GCC
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High liquidity in Gulf means more sukuk during May and June -
The trades drew big order books and each issuer was able to crunch pricing by tens of basis points
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Abu Dhabi's state oil company's privatisation drive continues with its logistics division
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After a blowout 2022, the pace of issuance in Saudi equity capital markets has slowed this year
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More Gulf issuers readying deals for after Eid
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Huge books allow sale to price through curve, but bankers do not expect other deals to repeat issuer’s strategy
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The book passed over $1bn and included international accounts as well as the usual Islamic buyers
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Only a few issuers will be able to bring deals as investors digest recent glut of issuance amid data and holiday disruption
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Listings by privately owned companies are expected to play a greater role in the Middle Eastern IPO market this year
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With IG sovs finished for the year, CEEMEA’s next challenge awaits
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Bahrain is planning its first public issue since 2021
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The Fed is unlikely to revise its plans as oil prices rise due to the cut in production
