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- Regional prices slightly below pre-war levels
- Public bond markets shut to new issuance
- Little additional risk premium likely
Abu Dhabi, Qatar and Kuwait have issued $7 billion of bonds in private placements since the start of the US-Israeli war on Iran, selling directly to select investors while public bond markets remain shut to wholly new issuance.
The conflict started on February 28 and spiralled into a broader Middle East war before a tentative military truce began on April 8. Market jitters sent regional corporate and…
