Initial price guidance for the issue, which appears to be a single-tranche deal, was at a spread of 462.5 basis points over midswaps.
KPMG won the Award after facing stiff completion from the likes of E&Y, PwC, Cedar, Amanie, and Deloitte who were also nominated in the Best Advisory Firm category.
Initial indications are that the expected $1.25bn, seven to 10-year tenor bond would receive strong demand in Bahrain and Saudi Arabia as banks seek to put rising liquidity to work, though broader interest may lag behind, market participants say.
ulf Capital received the honour at the annual event of the prestigious Banker Middle East Industry Awards 2012 ceremony, held on June 12th in Dubai. The awards extravaganza witnessed an attendance of eminent industry experts and dignitaries from the GCC,
PE firms are taking advantage of the shortage of capital, resulting from the global crisis, to buy well-priced assets.
Moreover, the rate of inflation in the region is considerably lower than that of New York, which has resulted in more moderate price increases on Middle Eastern goods and services selected for our study.
According to Bursa Malaysia website, Kenanga Investment Bank is currently ranked the seventh-largest equities brokerage by trading value, having managed trades worth about RM20bil year to date, or a 5.6% market share.
Total values reached $3.2 billion, and increase of 49 percent compared to the same period last year and the number of deals was 2,657, up 69 percent compared to the first quarter of 2011.
China is the one of the most active markets in foreign exchange realm and it is apt for the leading player in the business to start its retail operations here. With this move, the world’s most populous country became the latest and a major link in t