Edition:
India

Yousef Saba

UPDATE 4-Egypt sells $5 billion in three tranches of bonds - document

21 May 2020

DUBAI, May 21 Egypt sold $5 billion in bonds in three tranches on Thursday with maturities of four, 12 and 30 years, a document showed, as the country grapples with the economic fall-out of the novel coronavirus.

UPDATE 1-Gulf sovereign bonds rally on oil price recovery

20 May 2020

DUBAI, May 20 Gulf sovereign bonds rallied on Wednesday, particularly those with longer maturities, boosted by a recovery in oil prices over the past month as demand improved.

Gulf sovereign bonds rally on oil price recovery

20 May 2020

DUBAI, May 20 Gulf sovereign bonds rallied on Wednesday, particularly those with longer maturities, boosted by a recovery in oil prices over the past month as demand improved.

UPDATE 3-Abu Dhabi sells $3 billion in bonds with April re-opening

19 May 2020

DUBAI, May 19 Abu Dhabi sold $3 billion in bonds on Tuesday with a tap of dollar bonds issued last month, a document showed, as governments in the Gulf seek extra cash amid the coronavirus pandemic and a slump in oil prices.

MIDEAST DEBT-First Abu Dhabi Bank faces pressure to redeem AT1 bonds - sources

18 May 2020

DUBAI, May 18 First Abu Dhabi Bank (FAB), the UAE's largest lender, is likely to come under pressure to redeem $750 million in perpetual bonds in June, even though not calling them would be cheaper for the lender, five banking sources said.

UPDATE 1-Kuwait's Equate Petrochemical raises $1.6 bln via dual-tranche bonds

12 May 2020

DUBAI, May 12 Kuwait's Equate Petrochemical Company raised $1.6 billion through a dual-tranche bond offering on Tuesday, a document showed, in the first public issuance in international debt markets by a Gulf company since February.

UPDATE 3-Mubadala sells $4 bln in three-tranche bonds

12 May 2020

* Pricing tightened by 40-42.5 bps from initial guidance (Adds launch, final pricing, demand, background)

Kuwait's Equate Petrochemical to issue bonds as soon as this week -sources

11 May 2020

DUBAI, May 11 Kuwait's Equate Petrochemical Co plans to issue U.S. dollar bonds and sukuk as early as Tuesday, four sources familiar with the matter said, reviving a debt issue that it postponed in late March due to volatile markets.

UPDATE 3-Bahrain sells $2 bln in dual-tranche bonds with over $11 bln demand - document

07 May 2020

DUBAI, May 7 Bahrain sold $2 billion in a dual-tranche bond issuance comprising 4-1/2-year sukuk, or Islamic bonds, and 10-year conventional bonds, a document showed on Thursday.

MIDEAST DEBT-Gulf debt market shows signs of recovery as issuers line up

06 May 2020

* Islamic Development Bank has hired banks for potential deal

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