Bonds to be issued in two tranches of $115.9 million total value; MD Ahmed Al Ahmadi steps down as planned
bond issuance
Latest in bond issuance
Biodiversity
Dubai-based DP World issues the region’s first Blue Bond
The $100 million, 5-year Blue Bond priced at 5.25% coupon rate; Will fund significantly under-funded SDG 14 and SDG 6 of the United Nations
bond issuance
China mandates investment banks for $2bn USD bond issuance in Saudi Arabia: Report
China plans to issue up to $2 billion in senior, unsecured fixed-rate bonds in Saudi Arabia
bond issuance
Sustainable bond issuance slows down in the region despite bond market uptick
S&P Global Ratings report says bond issuance down 18%; COP28’s halo effect and rising interest rates cited as reasons
bond issuance
Qatar’s Ooredoo’s $500mn bond oversubscribed 3.6 times
Annual coupon rate of 4.625%; Priced with a spread of 88 basis points over 10-year US Treasuries, the tightest in Ooredoo history
Abu Dhabi
TAQA successfully prices $1.75bn dual-tranche bond offering
Prices a $850 million 12-year green bond at a coupon rate of 4.75%; $900 million 7-year conventional bonds bear a rate of 4.375%
Binghatti
Binghatti’s $300mn sukuk sees strong demand with 200% subscription
The order book surpassed the initial target, reaching an impressive $621 million, with peak orders reaching 2.1 times the subscription
Bond
Reliance to hit market with $2.4 bn bond issue
The 10-year bonds, rated AAA with a stable outlook, will be auctioned on Thursday
bond issuance
Saudi Arabia receives SAR 8.3bn bids for its Sukuk debt programme for March
The debt issuance is in line with NDMC’s approved annual borrowing plan
bond issuance
Saudi local Sukuk oversubscribed $2.35bn
The Sukuk issuance was divided into two tranches: the first tranche with a size of SAR1,266 billion maturing in 2030
bond issuance
Saudi Arabia’s first international debt offering this year for $10bn sees 3.8 times oversubscription
The debt issue was offered via a triple-tranche bond offering, with the value of the first tranche at $3.25 billion for a 5-year bond maturing in January 2028
bond issuance
Emirates NBD to price its AED1bn dirham-denominated bond 83 bps over UAE T-bonds
ENBD is the first bank to issue a dirham-denominated bond after UAE finance ministry created a medium-term yield curve
Belt and Road Initiative
Bank of China’s Dubai branch lists $300mn bond in Nasdaq Dubai
The bond, which is rated ‘A’ by Fitch, offers a yield of 4.84%; the total value of debt instruments listed on Nasdaq Dubai reaches $111.6bn
bond issuance
Saudi Arabia announces partial repurchase of $1.3 billion outstanding dollar-denominated bonds
These bonds are maturing in 2023, 2025 and 2026
bond issuance
UAE central bank’s fifth round T-bond issue rakes up AED7.57 billion bids
The strong demand was seen across both tranches, with a final allocation of AED750 million for the 2-year tranche and AED750 million for the 3-year tranche
bond issuance
Saudi PIF raises $3 billion in sale of debut bonds
Saudi Arabia’s PIF manages more than $600 billion in assets, and is at the centre of the Kingdom’s aim to diversify the economy away from oil by boosting non-oil activities