WAPDA Raises $500mn in Pakistan’s First Green Bond
Pakistan Water and Power Development Authority (WAPDA), the largest state-owned supplier of hydroelectric power in Pakistan, raised $500mn via a debut 10Y green dollar bond at a yield of 7.5%, over ~50bp inside initial guidance of low 8%. The bonds have expected...
Oman Arab Bank Sells Debut Dollar Perps at 7.625%
Oman Arab Bank raised $250mn via a debut PerpNC5 Tier 1 bond at a yield of 7.625%, 37.5bp inside initial guidance of 8% area. The bonds were unrated and received orders over $1.1bn, 4.4x issue size. The coupons are fixed until June 4, 2026, and if not called, resets...
Singapore Airlines Questioned on Privatization
Singapore’s investor watchdog, Security Investors Association (SIAS) has questioned Singapore Airlines (SIA) if it has considered privatization in line with Singapore’s multi-modal public transport operator SMRT. The query comes after the airlines...
