Saudi Arabia

New name in Saudi sukuk greeted with enthusiasm

Saudi wealth fund’s dual trancher was a 'pretty textbook' trade

The sovereign wealth fund is building on the momentum of Saudi success

Shariah-compliant credit facility expected to play 'pivotal role' for the borrower

Combined books for the two trades came to nearly $8bn

AT1s and senior deals from Saudi and Bahrain are expected early in the week

Sovereign has taken out two-thirds of the year's international funding plan in one swoop

The facility is being used to drive Saudi investment in industries away from petrochemicals

Sovereign jumps in to make a start on gargantuan funding plans

Sustainable sukuk has strong optics, but some have concerns about secondary performance

◆ Austrian bank completes strategic capital refi ◆ Investor response show 'no consensus' on pricing for 'very esoteric name' ◆ New deal has lower funding cost than March's pulled attempt ◆ Other debut issuers show deeply subordinated capital remains desirable

Saudi Arabia's wealth fund sold a 2% stake in telecoms utility