Capital MarketsAnalysis
ADIB opens its rights subscription in a seven-entry November calendar
Şekerbank's rights period ends on 5 November and Turkish Treasury auctions fall on 9 and 10 November, while four more issues await dates.
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Abu Dhabi Islamic Bank opens subscription to its AED 1.75 billion rights issue on 10 November and keeps it open to 24 November, the bank said. It is one of seven dated entries the Data Desk found for 2 to 29 November.
The bank is offering up to 106,383,000 new shares at AED 16.45, one for every 34.14 held on the 2 November eligibility date, for which purchases had to be executed by 29 October to settle in time, a 28.8 per cent discount to its 24 August close. Rights trade on the Abu Dhabi Securities Exchange from 4 to 16 November and the new shares start trading on 18 December. The sale lifts issued capital from AED 3.632 billion to up to AED 3.738 billion.
The rest of the month is mostly sovereign paper. The Turkish Treasury's borrowing strategy for the fourth quarter, published on 30 September, plans TRY 110.4 billion of domestic borrowing in November against TRY 122.7 billion of domestic debt service, with the auctions on 9 and 10 November. The Treasury marks the November and December calendar as provisional and open to market conditions.
Şekerbank, carried from the 26 October edition, is in the last week of its rights period, which Boards and Capital covered on 29 October. The Capital Markets Board bulletins 2026/74 to 2026/77, published on 26 and 27 October, approved no flotation or bond ceiling; the only capital approval was for an investment firm.
Dated, 2 to 29 November
| Date | Issuer (market) | Instrument and terms | Filing |
|---|---|---|---|
| To 5 Nov | Şekerbank (BIST) | Rights issue lifting paid-in capital from TRY 2.5bn to TRY 3.5bn at TRY 1 a share, a 40 per cent entitlement; usage period 22 October to 5 November; unsold shares go to the exchange primary market for two business days at not less than nominal value | KAP notice, 21 Oct |
| 2 Nov | TSSP Group LLP (KASE) | Special trading session to place 300,000 bonds of KZT 1,000 face value (KZT 300m) from a registered issue of KZT 500m; bids are quoted as coupon rates, coupons are paid four times a year, circulation is 360 days; initiator Alatau City Bank | KASE notice (TSSPb8), 29 Oct |
| 3 Nov | Ministry of Finance of Kazakhstan (KASE) | Repeated special trading session offering up to KZT 60bn of an 8.37 per cent treasury bond due 26 February 2040 (MUM300_0003), 13.3 years to maturity, clean-price orders, payment 5 November | KASE notice, 29 Oct |
| 2 to 24 Nov | Abu Dhabi Islamic Bank (ADX) | Rights issue of up to 106,383,000 shares at AED 16.45, raising up to AED 1.75bn: eligibility 2 November (purchases executed by 29 October), rights trading 4 to 16 November, subscription 10 to 24 November, new shares trading from 18 December | ADIB release, 12 Oct |
| To 3 Nov | DIP Holding (DFM) | Flotation of 20 per cent by Dubai Investments; subscription expected to run to 3 November, with admission to trading on the Dubai Financial Market anticipated on or around 11 November, subject to regulatory approvals and market conditions | Dubai Investments release, 19 Oct |
| 9 and 10 Nov | Republic of Türkiye (Treasury) | Auctions on 9 November of a 2-year fixed-coupon bond due 13 September 2028 and a bond due 16 April 2031, and on 10 November of an 8-year bond due 27 September 2034, plus a direct sale of a 5-year lease certificate due 5 November 2031; value date 11 November; calendar provisional | Treasury borrowing strategy, 30 Sep |
| 12, 18 and 25 Nov | Republic of Poland (Ministry of Finance) | Sale or switch auctions of treasury bonds; subject to the budget and market situation | 2026 issuance calendar, 18 Dec 2025 |
Approved or filed, dates not yet set
| Issuer (market) | Instrument and terms | Filing |
|---|---|---|
| Goodyear Türkiye (Borsa Istanbul) | Private placement capital increase allocated to Goodyear SA, with planned sales revenue of TRY 5,559,332,811.6; board decision 26 October, application to the Capital Markets Board filed 28 October; no approval or dates yet | KAP notice, 28 Oct |
| Al Ahli Bank of Kuwait (Boursa Kuwait) | Rights issue of 750 million shares at 100 fils nominal plus a 100-fils premium, a KD 75m (27.29 per cent) increase; central bank and CMA approvals received; no subscription dates in the filings | Boursa Kuwait filings, 5 and 8 Oct |
| Boubyan Bank (Boursa Kuwait) | Perpetual Additional Tier 1 sukuk of up to $500m or the equivalent; preliminary central bank and CMA approvals received; a prospectus follows only if it is offered in Kuwait | Boursa Kuwait filing, 4 Oct |
| Warba Bank (Boursa Kuwait) | Additional Tier 1 sukuk by private offering of up to KD 100m; central bank final approval of the prospectus on 5 October | Boursa Kuwait filing, 6 Oct |
How the calendar is compiled
The calendar lists bonds, sukuk, rights issues and flotations in the Boards and Capital footprint whose dates or approvals were published by 30 October, with the filing behind each. Items from the previous edition are carried only after their filings are opened again. Banque du Caire's flotation has passed its dates and is dropped, and Almasane Alkobra Mining, OQ Exploration and Production, Akbank, IC Enterra and Fiba Yatırım are left out because no newer document confirming their status could be opened this week. Enea's hybrid bond programme is also left out because its exchange report would not open. Routine weekly treasury bill and central bank note auctions are excluded. The Kazakh sovereign line is covered in the October auction round-up. The calendar is updated every Monday.
Sources
- ADIB announces key dates for AED 1.75bln rights issue to support Vision 2035 growth strategy
- Iç Borçlanma Stratejisi Ekim - Aralık 2026
- Repeated special trading session for offering of MEUKAM KZKD00000857 (MUM300_0003) with settlement on November 05 will be held on November 03
- On November 2, KASE will hold special trading session for placement of 300,000 bonds KZ2P00014335 (TSSPb8) of TSSP Group LLP
- Şekerbank: Sermaye Artırımı - Azaltımı İşlemlerine İlişkin Bildirim (correction of pre-emptive right dates)
- Goodyear Lastikleri: Notification Regarding Capital Increase - Decrease (private placement)
- Treasury securities issuance calendar for 2026
- Capital Markets Board Bulletin 2026/77
- Capital Markets Board Bulletin 2026/74
- Capital Markets Board Bulletin 2026/75
- Capital Markets Board Bulletin 2026/76
- Al Ahli Bank of Kuwait: disclosure of Central Bank of Kuwait approval of capital increase
- Al Ahli Bank of Kuwait: Capital Markets Authority's approval of ABK's capital increase
- Boubyan Bank: securing regulatory approvals for the issuance of perpetual AT1 sukuk
- Warba Bank: supplementary disclosure on CBK final approval for Additional Tier 1 sukuk
- Dubai Investments floats DIP Holding in UAE's first 2026 IPO