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UAE startups secured USD 353 mn in debt funding last year
The UAE ranked first in terms of transaction volumes
Mashreq’s USD 500 mn bond sale meets heavy demand, allows lender to lock in the lowest coupon by a UAE bank in past three years
The issuance was 4.4x oversubscribed
Mashreq kicks off sale of AT1 bonds
The initial price for these notes is expected to be around 7%
Credit demand remained robust in 1Q 2024 -CBUAE
Dubai saw the strongest demand for business loans
Mashreq Bank taps banks for AT1 bond issuance
Investor meetings are set to take place today
Mubadala plans sale of USD 950 mn GlobalFoundries shares, up to USD 750 mn Formosa bonds
Shares will be offered on Nasdaq at at USD 50.75 a piece
Fitch upgraded Ras Al Khaimah’s issuer default rating with a stable outlook
The ratings agency revised its forecast for the emirate’s medium-term growth to 6.2% this year
S&P maintained Sharjah’s sovereign credit rating with a stable outlook
The ratings agency has revised its forecast for the emirate’s GDP growth to 2.7% in 2025
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