Deals from two major banks this week have reopened the Gulf debt market after an extended summer lull, and highlighted the lower yields that investors in the region are settling for as liquidity continues to far outstrip supply.
Qatar Islamic Bank returned to the market on Wednesday after two years away with a $750 million, five-year
sukuk at a profit rate of 2.5 percent. Order books for the sukuk were $6 billion.
This followed an oversubscribed conventional deal from Abu Dhabi's First Gulf Bank earlier in the week, which
secured the bank's lowest-ever yield and coupon.
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