The reforms aim to strengthen Saudi Arabia’s regulatory framework for debt instruments, creating a more dynamic and accessible market
debt market
Latest in debt market
debt market
Saudi Exchange announces amendments to debt instrument listing rules
The Saudi Exchange remains focused on providing a robust platform for debt financing that supports the Kingdom’s Vision 2030 ambitions
debt market
UAE’s debt capital markets notch up 13% growth in Q3: Fitch Ratings
The surge in the debt capital market places the UAE fourth globally in all currencies, after Malaysia, Saudi Arabia, and Indonesia
Blockchain
Float, Sygnum & Fasanara Capital partner to launch world’s first private debt asset token
The Float token has a maturity of 18 months with a fixed annual interest rate of 14% and quarterly interest payments
debt market
India bonds may figure in JPMorgan Index in 2024, says Pictet
Morgan Stanley estimated India’s inclusion into two out of three global bond indexes, including a JPMorgan developing market gauge, would drive $40 billion of inflows
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
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
debt market
BNP Paribas, Citigroup, Goldman Sachs among new debt market primary dealers appointed by Saudi Arabia
The move to rope in global financial institutions is aimed at further developing the country’s secondary debt market by diversifying the investor base
bond issuance
Latest UAE central bank T-Bond issue oversubscribed close to 6 times, gets bids worth $2.3 billion
The overwhelming response to the bond issue is attributed to the attractive market driven prices – a spread of 8 basis points (bps) over US Treasuries for two years, and a spread of 20 bps over US Treasuries for five years
Abu Dhabi Commercial Bank
ADCB in plans to sell $1 billion of bad debt to clean up corporate defaults
The emirate’s second-largest lender, has been “tied up” in restructuring talks and has been forced to write down the value of many of the loans, according to Bloomberg
Auction
UAE receives bids worth $2 billion in third auction of Treasury bonds
The auction, which is part of the country’s T-Bond programme, witnessed Treasury bonds oversubscribed five times
Bahri
Local investors show faith in Bahri as $1.04 billion sukuk oversubscribed 1.95 times
New funding from the seven-year senior unsecured sukuk to refinance the company’s existing SAR 3.9 billion sukuk maturing this month
Abu Dhabi
Abu Dhabi’s TAQA lists nine bonds worth $8.25 billion on ADX
The bonds range in size from $500 million to $1.5 billion, with issuance tenors spread between seven years and 30 years