GCC

New hire joins after previous head went to Mizuho

The Emirate is offering around 10bp premium to investors after narrowing from initial price guidance

The only new CEEMEA bonds this week were from higher rated Middle Eastern issuers

Kuwaiti lender went ahead but another Middle East issuer waited for a better window

Middle East issuer is the first non-sovereign to print a bond since Russia's invasion of Ukraine

Boubyan Bank has reactivated a deal put on hold by the Russian invasion of Ukraine

Saudi Arabia’s IPO market is thriving amid the turmoil caused by Russia’s invasion of Ukraine

Middle East market the only game in town for ECM after a bear market for equities arrived in Europe on Monday, following reports that the US and its allies are considering an embargo on Russian crude oil

The well known issuer also saw a high level of interest from international investors

Kuwaiti lender Boubyan Bank put its sukuk on hold on Thursday after the Russian invasion of Ukraine shut down primary bond markets

The wider CEEMEA primary bond market has been shut for a week but sukuk issuers are ploughing ahead

Sukuk investors still keen on new issues but international buyers remain wary