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Rakbank raises USD 300 mn via AT1 issuance
Strong investor demand allowed the bank to tighten the note’s initial pricing by 37.5 bps
THIS MORNING: UAE rescues 22 people aboard a commercial vessel hit by Houthi attacks in the Red Sea
Plus: Brics countries eye intra-Brics tourism agreement
Eurasian Development Bank issues AED 200 mn private placement bond
It comes as the bank looks to boost cross-border trade using local currencies other than the USD
Gargash lands one of auto sector’s largest sustainability-linked facilities from Mashreq
The transaction brings Mashreq’s total sustainable finance volume in the sector to AED 2.8 bn in 2025
A new UAE-China trade hub
Plus: More global firms look to ADGM
CBUAE’s T-sukuk for June 5.6x oversubscribed
CBUAE’s T-sukuk for June receives AED 6.21 bn in bids
Presight chooses 10 startups for AI accelerator + Aldar secures A ESG rating from MSCI
Plus: National Investments Company sets up shop in Dubai's DIFC
Fitch affirms UAE and Abu Dhabi’s long-term default ratings on strong fundamentals
The rating affirmation is attributed to a strong net external asset position
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