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Adia taps the debt market in int’l portfolio push
The debt will be backed by minority stakes in four Australian infrastructure assets held through Adia’s Tawreed Investments
FAB Formosa draws in USD 750 mn, FinMin secures AED 1.1 bn in t-sukuk, Tarabut acquires Bahraini AI player, and a PPP for Ras Al Khaimah
FAB’s Formosa bonds kept their initial price guidance of 75 basis points over the secured overnight financing rate
FAB returns to debt markets for second time this month with five-year Formosa bond
The Regulation S Formosa notes are guided at SOFR +75 bps
Sukuk accounted for 50% of all USD debt raised in the UAE last year
Over 85% of rated sukuk remain investment-grade
THIS MORNING: CBUAE holds rates steady + Al Habtoor exits Lebanon !_StoryHedWeb_! THIS MORNING: CBUAE holds rates steady + Al Habtoor exits Lebanon
Plus: RAK eyes investments from China and Hong Kong
THIS MORNING: DIFC in for an AED 100 bn expansion + Eurasian Development Bank lines up more AED-denominated paper
Plus: Unikai board okays Al Wafir buyout bid
GCC debt markets to hit USD 1.25 tn this year
Saudi Arabia and the UAE are on track to be the primary engines
Another day, another Masdar project reaches financial close
The Abu Dhabi plant, scheduled to come online in 2028, should power some 160k homes
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