United Arab Emirates
-
Deals priced with little to no new issue premium -
-
Books were nearly $3bn for its first trade in five years
-
The UAE district cooling company is a rare issuer, but a very well-known one
-
Excluding the first weeks of the last two years, it was the busiest week since early 2023
-
Wednesday’s Siemens Healthineers selldown was multiple times oversubscribed
-
Limiting the trade to $500m meant the issuer could get inside fair value
-
Damac boosted the size to $750m from earlier guidance of $600m
-
The bank landed well inside fair value estimates, according to three observers
-
A trio of Gulf senior sukuk this year provide data points for pricing, on top of its own curve
-
The company has not issued for 18 months in public markets
-
The bank has an outstanding issue with a first call date in March
