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Emerging Markets - Islamic Finance

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Latest stories

  • IFC off to Middle East ahead of its second $100m sukuk sale

    The International Finance Corp (IFC) will head to the Middle East for investor meetings later this month after receiving a rating for its prospective $100m sukuk.

    • 27 Aug 2015
  • IFC sticks with $100m size for second sukuk

    The International Finance Corp (IFC) is planning just a $100m sized deal for its second ever sukuk transaction, according to a Standard & Poor’s rating report released on Wednesday.

    • 26 Aug 2015
  • CEEMEA niche supply drop worse than dollars

    Year to date CEEMEA supply in dollars is a little over 40% of what it was in recent years, but the percentage decline in other currencies has been even worse, data from Dealogic shows.

    • 25 Aug 2015
  • Emirati bank picks bookrunners for tier one

    An Emirati financial has mandated banks for a tier one dollar transaction, adding to the Middle East post-summer pipeline.

    • 13 Aug 2015
  • JCorp out with MR1 price for Al-Salam Reit

    Malaysia’s Johor Corp (JCorp) has fixed the pricing of its Al-Salam Reit IPO at MR1 ($0.25) per unit, with bookbuilding scheduled to begin at the start of September.

    • 12 Aug 2015
  • Global sukuk supply in stall mode, says S&P

    The global sukuk market is heading for a correction in 2015, with total supply dropping between 40%-50%, according to Standard & Poor’s. But its claim of a stalling sukuk market overlooks thriving international benchmark issuance.

    • 09 Jul 2015
  • S&P says sukuk stalling as dollars threaten ringgit

    The global sukuk market is heading for a correction in 2015, with total supply dropping between 40%-50%, according to Standard & Poor’s. But their claim of a stalling sukuk market overlooks thriving international benchmark issuance.

    • 07 Jul 2015
  • Sukuk bookrunners at HSBC’s heels as supply soars to record levels

    The sukuk market has managed a record first half volume this year, although with the Greek debacle threatening a long and volatile summer debt bankers have doubts a full year record is possible.

    • 02 Jul 2015
  • Competitors erode HSBC's sukuk supremacy

    HSBC sits in its traditional top stop in the sukuk league table halfway into to what should be a record year for international benchmark issuance. But its lead has shrunk to the smallest margin in five years, with regional banks snapping at its heels.

    • 02 Jul 2015
  • Apicorp plots sukuk path

    Arab Petroleum Investments Corp (Apicorp) is likely to bring its debut sukuk deal in September, and has ambitious price plans for the first issue of its newly rated sukuk platform, according to debt bankers.

    • 01 Jul 2015
  • IFFIm firms up sukuk mandate

    The International Finance Facility for Immunisation (IFFIm) has lead managers lined up for a rare social responsible investment (SRI) sukuk.

    • 30 Jun 2015
  • IFC picks banks for sukuk return

    The International Finance Corporation (IFC) has chosen the lead managers for its first sukuk in six years.

    • 30 Jun 2015
  • Capital markets look forward to brighter 2016

    Turkey’s capital markets may be in a tough spot, but they have been here before. Much, both for Turkey and for its ardent and admiring league of global investors, depends on securing political stability, then ensuring that the country gets the sort of reform-minded political leaders that it needs. Then and only then will there be a strong pick-up in capital markets activity. Elliot Wilson reports.

    • 19 Jun 2015
  • Supra eyes return to sukuk issuance

    A supranational issuer is considering bringing a sukuk later this year, which would be its first issuance in the format for nearly six years.

    • 18 Jun 2015
  • Sukuk supply on track for record year

    As Ramadan begins, the international sukuk market’s run rate is on track to make 2015 the largest year for issuance ever. Several mandates have recently been added to the pipeline, giving fresh fuel to the sukuk sector’s fire.

    • 18 Jun 2015
  • Supranational mulls sukuk return

    A supranational issuer is considering bringing a sukuk later this year, which would be its first issuance in the format for nearly six years.

    • 17 Jun 2015
  • IFFIm eyes second SRI sukuk

    The International Finance Facility for Immunisation (IFFIm) is planning a second sukuk deal, and should announce the transaction in the next few weeks, said bankers familiar with the borrower’s plans.

    • 17 Jun 2015
  • Disquiet in the dunes as Middle East bond fees take a hit

    Three heads of MENA DCM in Dubai have told GlobalCapital that regional corporate bond fees have been crunched over the last year and two of those expressed concern as to how this is affecting the the quality of execution in the region.

    • 09 Jun 2015
  • Saudi corporates could follow sovereign sukuk return

    A Saudi sovereign sukuk and corporate debt market reform would help prompt Saudi firms to turn to Islamic bond issuance, Fitch analysts said.

    • 09 Jun 2015
  • Khazanah ahead of its time with SRI sukuk

    Khazanah Nasional took a huge step forward for socially responsible investment (SRI) in Malaysia this month with the country’s first sukuk in the sector, adopting a unique structure that could see investors’ pay-out reduced. It is a bold move for social reform, but Khazanah’s SRI sukuk may be a bit too ahead of its time.

    • 09 Jun 2015

More Islamic Finance stories

Islamic Finance data

Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Aug 2015
1 Citi 28,700.29 138 10.51%
2 HSBC 26,848.55 175 9.83%
3 JPMorgan 21,931.90 93 8.03%
4 Deutsche Bank 19,188.30 107 7.03%
5 Bank of America Merrill Lynch 16,155.12 86 5.92%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Aug 2015
1 Citi 7,376.36 29 6.41%
2 Morgan Stanley 6,733.29 17 5.85%
3 HSBC 6,419.61 18 5.58%
4 Bank of America Merrill Lynch 6,287.35 25 5.47%
5 Deutsche Bank 5,544.16 17 4.82%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Aug 2015
1 Citi 8,557.20 33 14.63%
2 JPMorgan 7,100.31 20 12.14%
3 HSBC 4,238.36 24 7.25%
4 Deutsche Bank 3,742.42 19 6.40%
5 Barclays 3,728.08 12 6.37%

EMEA M&A Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Aug 2015
1 Goldman Sachs 411.80 108 11.00%
2 JPMorgan 319.68 104 8.54%
3 Rothschild 268.24 167 7.17%
4 Lazard 241.90 101 6.46%
5 Citi 224.77 76 6.01%

Bookrunners of Central and Eastern Europe: Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Aug 2015
1 ING 1,243.82 11 9.23%
2 UniCredit 1,192.59 11 8.85%
3 SG Corporate & Investment Banking 1,081.94 9 8.03%
4 Mitsubishi UFJ Financial Group 884.03 4 6.56%
5 Bank of America Merrill Lynch 870.27 6 6.46%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Aug 2015
1 AXIS Bank 3,350.17 97 12.17%
2 Standard Chartered Bank 3,279.20 43 11.91%
3 Trust Investment Advisors 2,485.45 101 9.03%
4 Barclays 2,132.53 33 7.74%
5 HSBC 2,067.80 23 7.51%