Middle East
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Investors are still showing big demand for the Dubai real estate firm's sukuk despite two sell-offs in a year -
The sovereign may soon receive a rating upgrade, following an outlook change by Fitch
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After a record 2024, Turkish corporate issuance slowed last year
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The company has enjoyed two rating upgrades since its last sukuk issuance
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Demand well above expectations, given books opened on an FOMC rate decision day
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Some price discovery needed due to sukuk format and long tenor
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Oil giant's bonds were priced no more than 15bp over the sovereign's curve
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The Gulf kingdom is trying to tackle a very wide deficit and sky-high debt to GDP
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The commercial bank printed its first blue bond in a private format earlier in January
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Saudi government-related bond issuance is 20% up year-on-year
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The bank has a business model different to other Gulf issuers
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Books were more than four times the issue size
