Blame is being heaped on the jumbo private placements printed earlier this year for borrowers from the Gulf Cooperation Council (GCC). The accusation is that with the private bonds now being offered in size in the secondary market wide of where public deb... See more
Nick Darrant left the bond market in 2023 as a young banking retiree after two decades of experience in global capital markets, particularly focused on emerging market debt. He is now an adviser in the Ministry of Finance and Economic Planning in Rwanda, ... See more
Emirates NBD took a leap this week to reopen bond issuance in the Gulf, after a two month interruption caused by the US-Israeli war on Iran. The $750m additional tier one capital deal was bold, but also clever. Emirates NBD got ahead of a huge queue of ba... See more
The Gulf sovereigns have turned to the private bond market in recent weeks, raising impressive multi-billion dollar bonds even while under attack from Iran. There are many attractions to this sort of funding, especially at a time of such volatility. But p... See more
It is simplistic to look at Gulf sovereign this week and make the argument that they cannot escape their geography. But in the financial markets that is exactly what they have done. In a week of war, it has been striking how little Gulf sovereign bond spr... See more
