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Is an uptick in BDC bond sales offering reprieve for private credit?
BDCs issued nearly USD 8.4 bn since the start of April
Debt activity picked up in the Gulf in May, and it could be the same this month before a summer lull
A summer lull and FOMC will likely bring muted market activity in the next few months
DIB prices USD 1 bn AT1 sukuk after one-day virtual roadshow
DIB credits a one-day virtual roadshow for helping it lock in demand and keep execution risk low
Abu Dhabi raises another USD 2.5 bn through bond reopenings
The latest debt sale follows a heavily oversubscribed USD 3 bn issuance in February
THIS MORNING: DIB tests appetite for Gulf debt + Middle Eastern airlines could be staring down a collective loss for this year
Plus: ADX and DFM-listed firms brought in USD 17.4 bn in 1Q
Core42 secures USD 550 mn from HSBC to scale AI infrastructure abroad
The G42-owned firm will use the funds to accelerate cloud and compute deployments across the US and Europe
GymNation secures more (funding) muscle, this time from BlackRock’s HPS Investment Partners
The fresh capital will help fund GymNation’s next growth phase across the GCC and Asia, while scaling its tech and…
Hybrid bonds issuances at a record high YTD
Firms have issued a record USD 65 bn worth of hybrid bonds so far this year
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