Mashreqbank raises $500 million via 5-year bond
Mashreqbank’s $500 million debt raise drew an orderbook above $925 million (including $50 million JLM interest). The spread tightened to 115bp over US Treasuries from IPTs in the +145bp area for the five-year benchmark issuance.
Mashreqbank’s latest $500 million debt raise attracted more than $925 million in orders, including $50 million of JLM interest, according to the source. The spread was tightened to 115bp over US Treasuries from IPTs in the +145bp area. The five-year benchmark-sized issue carried a fixed-rate coupon.