United Arab Emirates
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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 company has enjoyed two rating upgrades since its last sukuk issuance
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The bank has a business model different to other Gulf issuers
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Meanwhile, Saudi lenders are pricing their first subordinated trades of the year after a record 2025
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Emirates NBD is printing the region's first public blue bond
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GCC blue bonds have only appeared in private markets until now
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The company's new loan is backed by a Korean export credit agency
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Sovereign gets bigger size and longer tenor in dirham despite closing market
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Books were more than three times the deal's $1bn size, although orders did leave
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Gulf subordinated issuance far outstrips last year's volume
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The emirate paid no new issue premium for its latest sukuk, bankers said
