The Arab Energy Fund (TAEF) raised USD 600 mn from a five-year bond issuance due February 2031, marking its fourth issuance this year, according to a statement. The offer was twice oversubscribed, signaling strong investor demand.

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The bond was priced at 75 basis points over the secured overnight financing rate, after tightening by 10 basis points during the bookbuilding process and some 20 basis points versus secondary trading levels. Participants included global and regional central banks, as well as sovereign wealth funds, supranational institutions, and agencies, according to the statement.

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