GCC
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The UAE bank was the second top-rated Gulf lender to issue this week -
Books passed $3.6bn for the second Saudi bank sukuk of 2024
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Real estate company is different from others in the UAE that have sold sukuk
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The main comparable is Banque Saudi Fransi's sukuk from January
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Emirati bank prices inside dollar levels with first Swissie deal since 2019
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Electricity firm paid little to no new issue premium
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Deal 'steady' despite investor caution over tightening levels
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Demand cleared $12bn for the dual sukuk and conventional deal
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The electricity firm is familiar to buyers, despite being a rare issuer
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The issuers are diverse and will not cannibalise demand, said one banker
