Tuesday 19 March 2024
 
»
 
»
Story

NBAD tops as bookrunner for GCC bonds, sukuk

ABU DHABI, October 7, 2015

National Bank of Abu Dhabi (NBAD) has been ranked number one bookrunner of bonds and sukuk in the GCC for the first nine months of this year, according to data compiled by Dealogic.‎
 
This marks the first time a Middle-Eastern bank has been top ranked in this segment, reaffirming NBAD’s expertise and credibility among international investors in Asia and across the West-East Corridor, said a statement.
 
The GCC bond issuers raised a total of about $16 billion during the first three quarters of the year, via 28 ‎international capital markets transactions, half of which were led by NBAD. 
 
The bank has bookrun multiple landmark deals this year, including the region's only sovereign issuance - for Ras Al Khaimah; the world's first-ever Export Credit Agency guaranteed Sukuk - for Emirates Airline; and several benchmark offerings - for Islamic Development Bank, Etisalat, DP World, Bank of Sharjah, Dubai Islamic Bank, Bank Dhofar, Bank of Bahrain & Kuwait, RAK Bank and National Bank of Kuwait.
 
Andy Cairns, managing director and global head of Debt Origination and Distribution, said: "We have invested heavily across our debt platform and it is encouraging that the benefits accruing from NBAD's involvement in a fundraising - in terms of superior advice, distribution and execution - are being recognized by the increasing number of issuers who choose to work with us." - TradeArabia News Service



Tags: GCC | NBAD | bonds |

More Finance & Capital Market Stories

calendarCalendar of Events

Ads