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Lending to country dips after busy 2023
The Saudi wealth fund and sovereign have issued tens of billions of dollar bonds in the last two years
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◆ Which banks sell in run-up to rate cuts ◆ South Africa election and the bond market ◆ Saudi Arabia leaves peers behind
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Books were two times covered for three Gulf banks bonds this week
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The prices on offer mean little pushback from investors when Saudi Arabia issues more than planned
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Sheer volume of issuance prevents sensible comparison to peers
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Sub-investment grade issuance from Gulf banks is very rare
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Sponsored by European Investment Bank
European Investment Bank: Supporting sustainable development in North Africa
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