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Saudi Arabia’s planned triple-tranche international bond issue is expected to be $12.5 billion in size, and order books total over $40 billion, sources familiar with the matter said on Wednesday.
The bond, split into three tranches maturing in March 2023, March 2028 and October 2047, will price later on Wednesday.
Initial price guidance for the three tranches was in the 130 basis points over US. Treasuries area for the long five-year tranche, 165 bps over for the long 10-year and 200 bps over for the 30-year.
Guidance was tightened by 15 bps, with the bond expected to price within a range of plus or minus 5 bps across the three tranches, IFR reported on Wednesday.
GIB Capital, Goldman Sachs International, HSBC, J.P. Morgan, and MUFG are the joint lead managers and joint bookrunners.
Menacorp said it has been ranked the number one brokerage house in equity derivatives trading on Nasdaq Dubai’s Futures Market.
The company came first, out of the 36 brokerage firms, with a
The topic of sukuk standards is an important but sometimes divisive one in Islamic capital markets, and is a constant source of debate between the industry's many key stakeholders.
Traders failed to buy Emaar Properties ahead of its ex-dividend despite attractive yields, weighing on the Dubai index.
Monday was the last day for Emaar Properties’ investors to claim the s
The UAE is first in the region and is ranked third globally, after China and India, for a fourth consecutive year, staying atop the Compatibility and Connectedness sub-indices in the Agility Emerging
The Gulf Today
Sustained weakness in large caps weighed on the MSM30 Index, which closed below the 5,000 level at 4,978.60 points, down by 0.90 per cent. The MSM Sharia Index declined by 0.83 per cent to close at 7
Times of Oman