| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for State Export-Import Bank of Ukraine > News item |
First Abu Dhabi Bank slips in trade; Ukrexim price talk revised upwards; Petrobras mixed
By Rebecca Melvin
New York Feb. 27 – First Abu Dhabi Bank PJSC’s newly priced 3 5/8% five-year sukuk traded a little weaker on Tuesday after the lender operating in the United Arab Emirates priced $650 million of the Islamic bonds with a yield spread of mid-swaps plus 95 basis points.
The new sukuk was weaker by about ¼ point on its debut, a London-based trader said.
The deal priced after being postponed since the beginning of February.
Overall the market was called OK but a little choppy with rate moves, according to a syndicate source on Tuesday.
The State Export Import Bank of Ukraine (Ukrexim) was also in the market on Tuesday, talking an offering of three-year Ukrainian hryvnia-denominated notes to be settled in dollars. But contrary to the recent trend, price guidance for the Ukrexim notes tilted higher during marketing rather than being revised lowered.
Price guidance for the notes was revised to 16¼% to 16½% from initial talk in the 16% area, according to a market source.
In Latin America, Petroleo Brasileiro SA was downgraded to BB- from BB on Monday, and Petrobras’ 7¼% notes due 2044 traded down to 101.5 to 101.875 from more than 102.875 on Monday. But the Petrobras 8 3/8% notes due 2021 were steady at about 112.125.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.