United Arab Emirates
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Regulatory processes to print Panda bonds are still complex and opaque, but have improved -
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It can take a long time to prepare Panda bonds, which can put off issuers
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Investors are nervy over trade tensions between the US and China
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The sovereign wealth fund will price inside ADQ, the country's other fund
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The rare issuer has links to the Dubai sovereign
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Emirate prices far inside best US corporates
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The emirate could break EM reoffer spread records, and has broken those for CEEMEA
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Property company's sukuk comes two months after $500m sukuk
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The real estate firm printed a sukuk less than two months ago
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First euro Gulf bank bond since 2022
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The note priced with no issue premium, agreed observers
