#Bonds
Lebanon’s bonds, which have been in default since 2020, rallied shortly after Joseph Aoun’s victory was announced
Analysts had expected an announcement of fresh Saudi investment into Egypt, but bin Salman left without announcing any firm commitments
The combination of bearish and bullish factors for gold may end up having the effect of keeping the price in a relatively narrow range for the rest of the year
The fund sold a $1.25bn five-year portion at 80 basis points (bps) over US Treasuries and another $1.25bn 10-year tranche at 90 bps over the same benchmark
The emirate is rated “Aa2” by Moody’s and “AA” by both S&P and Fitch Ratings
Bond investors are presented with the opportunity to lock in one of the highest yields in more than ten years
The private bank said to grapple with the prospect of more meaningful inflation in 2024 and beyond, investors might first look to equities
Oil and gas markets have been where the nervousness has been most evident due to fears that Israel could become bigger
The facility was structured as a combination of revolving credit facilities and term financing facilities
The bank shall use the proceeds for general corporate purposes
Equities and other risk assets also dropped and the pound sank to a record low
The bonds were largely issued as part of TAQA’s Global Medium Term Note Programme and are listed on the London Stock Exchange
Investors may have more visibility around cryptocurrencies in the years ahead, notes Bloomberg Opinion columnist Nir Kaissar
The Kuwaiti stock exchange plans to introduce a central counterparty service for the cash market by the end of the year
The findings will likely add to growing interest in green and sustainability-linked bonds and loans in the region
Dubai’s US-dollar denominated debt listings are now valued at $98.5bn
The 10-year note, under the Euro Medium Term Note Programme, reached maturity on June 22, 2021
This was the second USD transaction issued under EDB’s $3bn Euro Medium Term Note programme
The money would go toward supporting companies in sectors considered a priority for the economy
The exchange’s market capitalisation increased 27 per cent during the first quarter of 2021 to Dhs940bn
The price of Brent crude is still below what most of the region’s economies need to balance their budgets
No final decision on the timing has been made
The sultanate raised $500m in a tap of its bonds due in 2027 and 2032
The 10-year Euro Medium Term Note Programme reached maturity on October 5
The emirate raised Dhs1bn through a private placement of eight-year Islamic bonds at a rate of 4.71 per cent earlier this month
Should it issue, NBO would become the second Omani bank to issue a bond, after Bank Muscat printed a $500 million five-year deal in March 2013.
Finance Minister Sheikh Hamdan says the country will fill any gap “from its own resources.”