GCC
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Demand for the real estate firm’s sukuk was mostly from local investors
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The United Arab Emirates is attracting inflows from global equity investors, aided by a vibrant pipeline of jumbo flotations
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Middle East issuance, both Islamic and conventional, has dried up in part due to the high oil price
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Latest UAE privatisation could value the chemicals company at $20bn
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Adnoc and Borealis plan to float 10% of the chemicals company in the UAE’s latest privatisation
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The development bank has already used Sofr to price a privately placed sukuk
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Middle Eastern issuance could slow temporarily as Eid holiday looms
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New hire joins after previous head went to Mizuho
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The Emirate is offering around 10bp premium to investors after narrowing from initial price guidance
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The only new CEEMEA bonds this week were from higher rated Middle Eastern issuers
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Kuwaiti lender went ahead but another Middle East issuer waited for a better window