United Arab Emirates
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Majid Al Futtaim (MAF) printed a $300m opportunistic tap of its May 2024s on Monday to re-open the Gulf Corporation Council bond market after Ramadan. -
United Arab Bank’s has signed up four more banks to join the three initial leads on its latest $150m two year loan.
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UniCredit is expanding its business in the Middle East and is in the process of opening a new branch in Abu Dhabi.
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Securities in National Bank of Abu Dhabi and First Gulf Bank shot up on Monday morning in reaction to the prospective merger of the two Middle East banks. The creation of a "national champion" would be a positive for the market, said bankers in the region.
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National Bank of Abu Dhabi is betting big on India’s fast growing economy, after opening a branch in Mumbai last November. The bank has ambitious plans for south Asia, its chief executive for India told GlobalCapital Asia recently.
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Abu Dhabi’s national energy company Taqa printed a $1bn dual tranche note in a market marred by Brexit concerns on Tuesday but bankers on the deal said the strength and rarity of the credit enabled it to transcend the weaker tone to print a strong trade.
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National Bank of Abu Dhabi is betting big on India’s fast growing economy having opened a branch in Mumbai. While the purchase of Royal Bank of Scotland’s Indian foreign currency corporate loan book has given momentum to its business, the firm has bigger ambitions, NBAD’s chief executive officer for India told Shruti Chaturvedi.
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Abu Dhabi National Energy Company (Taqa) has released initial price guidance for a dual trancher in a choppy market, while Qatari telco Ooredoo has chosen to wait.
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Abu Dhabi National Energy Company (Taqa) is embarking on a roadshow for a new dollar senior unsecured bond through six banks.
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Commercial Bank of Qatar shrugged off signs of fatigue after $24bn of GCC supply this year to print a $750m five year on Monday.
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The wave of rights issues and capital raisings in the market this summer is so far going smoothly, with good news this week for Banco Popular Español, as its shares and rights perked up in trading.
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Abu Dhabi's Mubadala has tightened the margin on its $1.75bn three year refinancing, despite the price on the original loan already being “eye-wateringly low”, according to one banker.
