Daily Archives: June 5, 2024

Business & Investments

Real Estate Seminar – LIDE EMIRATES brings together authorities, entrepreneurs, and investors from Brazil and UAE.

Real Estate Seminar – LIDE EMIRATES brings together authorities, entrepreneurs, and investors from Brazil and the United Arab Emirates to discuss the growth of the real estate sector

DUBAI, UNITED ARAB EMIRATES – The Real Estate Seminar, organized by LIDE EMIRATES, took place on June 4th, 2024 at the Crowne Plaza Dubai Marina and was marked by the presence of renowned leaders in the real estate sector from Brazil and the United Arab Emirates. The event provided a conducive environment for discussions on the growth and opportunities present in the real estate markets of these two countries.

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Business & Investments

Mashreq – Successful Pricing of US$500mn Additional Tier 1 Bond Offering

Mashreq – Successful Pricing of US$500mn Additional Tier 1 Bond Offering

– First bank capital transaction from the UAE FIG complex in 2024. Transaction marked Mashreq’s successful return to the debt capital markets since their last issuance in 2022

– Record price tightening from IPTs of 65-75bps on the back of a robust orderbook that peaked at US$2.3bn (4.4x oversubscription)

– Transaction achieved the largest price tightening by any UAE bank in the last 5 years for an Additional Tier 1 transaction

– Offering achieved the lowest coupon by any UAE bank in the last 3 years for an Additional Tier 1 transaction

– Mashreq’s tightest ever reset margin (+270.5bps) for any of its bank capital issuances (AT1 and Tier 2), which also marks the tightest spread ever achieved on a conventional US$ AT1 benchmark issuance out of the Middle East

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