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Emerging Markets - Islamic Finance

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  • Garuda to take off with inaugural dollar bond in sukuk

    Garuda Indonesia ventured into the international market on a busy May 27 with a dollar offering in sukuk format. The borrower is up against an Islamic bond offering from Hong Kong but opted to go ahead after strong feedback in investor meetings.

    • 10:15 AM
  • Hong Kong returns with asset light wakala sukuk

    One of the most hotly anticipated deals out of Asia this year has finally gone live with Hong Kong opening books to a five year dollar sukuk on May 27. Pricing is unsurprisingly tight for one of the highest rated issuers in the region although marker observers say focus should also be on the deal’s asset light wakala structure.

    • 09:30 AM
  • Indonesia fetches record $2bn dollar sukuk

    The Republic of Indonesia completed its yearly return to the dollar sukuk market in style on May 21 when it rewrote the record books to print its largest offering of the Islamic finance instrument.

    • 22 May 2015
  • Indonesia makes yearly sukuk return with 10yr

    The Republic of Indonesia is continuing its trend of issuing a dollar sukuk once a year with a new 10 year offering on May 21.

    • 21 May 2015
  • Dubai Islamic Bank mandates six for sukuk

    Dubai Islamic Bank has mandated six banks for a dollar Reg S benchmark sukuk.

    • 18 May 2015
  • Garuda Indonesia picks sukuk for dollar debut

    Indonesian airline Garuda Indonesia has mandated 15 banks to arrange its first dollar outing, which will be in sukuk format. Roadshows will take in the Middle East, Asia and Europe.

    • 18 May 2015
  • Hong Kong to hit the road for second sukuk

    Following its well-received sukuk debut last year, the Government of the Hong Kong Special Administrative Region of the People’s Republic of China is back in the Islamic finance market with a series of investor meetings starting on May 18.

    • 14 May 2015
  • Republic of Indonesia on the road with sukuk

    The Republic of Indonesia has announced the dates of investor meetings for a dollar sukuk, having mandated four banks to work on the bond.

    • 06 May 2015
  • After sukuk debut, Noor Bank plans to increase wholesale funding

    Having taken its first taste of international sukuk this week, Dubai's Noor Bank plans to fund 10%-15% of its balance sheet through Islamic loans and bonds.

    • 24 Apr 2015
  • Innovation to the fore in year of firsts for Asian Islamic finance

    Judging by the deals that took place in Asia over the last year, innovation is alive and well in Islamic finance, even in an industry that appears increasingly commoditised. Transactions in the region showed new structures, new currencies and new underlying assets, as Chris Wright reports.

    • 24 Apr 2015
  • Asiamoney Asian Islamic Banking Awards

    The last year has seen landmark capital market deals in the Islamic banking sector. And away from individual transactions, banking assets have continued to grow, alongside the number of customers taking advantage of the products on offer. Here we present our picks for the best Islamic banking franchises in Asia. By Chris Wright.

    • 24 Apr 2015
  • Noor Bank USD500m 2.788% Apr 20

    • 23 Apr 2015
  • Noor plans repeat sales after sukuk debut

    Dubai-based Noor Bank sold a $500m debut sukuk on Wednesday, marking the first of what should be regular visits to the international sukuk market.

    • 23 Apr 2015
  • Noor Bank plans repeat sales after sukuk debut

    Noor Bank sold a $500m debut sukuk on Wednesday, marking the first of what should be regular visits to the international sukuk market.

    • 22 Apr 2015
  • Noor Bank brings new name to starved sukuk market

    Noor Bank broadened the Islamic bond market on Tuesday, offering investors a fresh new name although not a particularly appealing one.

    • 21 Apr 2015
  • Noor Bank embarks on roadshow for debut sukuk

    Dubai’s Noor Bank has mandated eight banks to arrange its debut benchmark dollar sukuk and has set roadshow dates.

    • 16 Apr 2015
  • Malaysia returns with revolutionary wakala

    Malaysia has cemented its return to the dollar debt market with a $1.5bn wakala that had investors scrambling for more. The country’s novelty value blew away any concerns surrounding its fiscal health and it managed to raise funds in style, with the inclusion of a new class of intangible asset in the asset pool — a first for a sovereign.

    • 16 Apr 2015
  • Noor Bank roadshows debut sukuk

    Dubai’s Noor Bank has mandated eight banks to arrange its debut benchmark dollar sukuk and has set roadshow dates.

    • 14 Apr 2015
  • Alizz Islamic opens new branch in Oman expansion

    Omani lender Alizz Islamic Bank has opened its sixth branch in Al Wattayaya, furthering its expansion in the country.

    • 13 Apr 2015
  • Sukuk holds in strong despite volatility as diversity of paper grows, says BLME

    US dollar strength, geopolitical tension and a lower oil price have caused volatility in the global financial markets in the last few months, but substantial fiscal surpluses in the Gulf and a broader range of sukuk available to investors has helped stability in the sukuk market, said Jason Kabel, head of fixed income at Bank of London and The Middle East (BLME) in his sukuk outlook 2015 analysis published on Monday.

    • 13 Apr 2015
  • Russia moves down road to first Islamic lender

    Tatarstan’s government and a Russian-Malaysian consortium have signed an agreement on a feasibility study into launching Russia’s first Islamic bank.

    • 10 Apr 2015
  • UK equity fund targets post-sanctions Iran

    UK asset manager Charlemagne Capital (CC) is setting up its first fund to provide international investors with a platform to invest in Iran, Dominic Bokor-Ingram, an investment advisor at Charlemagne Capital told IFIS.

    • 09 Apr 2015
  • i-VCAP launches new Shariah ETF

    Malaysian firm i-VCAP Management has launched a new Islamic exchange traded fund (ETF).

    • 08 Apr 2015
  • AmIslamic brings in new CEO

    AmIslamic Bank (AmIslamic), the Islamic banking arm of Malaysia’s AmBank Group, has hired Eqhwan Muhammad as its new chief executive, the bank said on Wednesday.

    • 08 Apr 2015
  • Pakistan’s SECP lays out Islamic finance roadmap

    The Securities and Exchange Commission of Pakistan (SECP) has devised a roadmap for restructuring and reorganising the country’s Islamic capital market.

    • 07 Apr 2015

More Emerging Markets - Islamic Finance

Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 May 2015
1 HSBC 19,980.34 117 10.70%
2 Citi 18,327.47 91 9.82%
3 Deutsche Bank 12,988.13 69 6.96%
4 Bank of America Merrill Lynch 12,231.12 59 6.55%
5 JPMorgan 12,160.39 56 6.51%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 5,462.86 12 12.59%
2 HSBC 5,260.01 14 12.12%
3 Bank of America Merrill Lynch 5,080.10 15 11.71%
4 Citi 5,037.74 18 11.61%
5 Deutsche Bank 4,073.08 12 9.39%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 4,665.70 26 11.08%
2 HSBC 3,845.36 20 9.13%
3 SG Corporate & Investment Banking 3,040.84 11 7.22%
4 JPMorgan 2,929.19 11 6.96%
5 Barclays 2,485.68 9 5.90%

EMEA M&A Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 May 2015
1 Goldman Sachs 380.55 64 9.94%
2 JPMorgan 308.03 53 8.05%
3 Lazard 274.32 59 7.16%
4 Deutsche Bank 255.89 41 6.68%
5 Bank of America Merrill Lynch 238.66 44 6.23%

Bookrunners of Central and Eastern Europe: Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 First Gulf Bank PJSC 1,248.86 4 16.23%
2 ING 622.38 6 8.09%
3 SG Corporate & Investment Banking 608.35 6 7.91%
4 UniCredit 547.29 6 7.11%
5 BNP Paribas 402.44 3 5.23%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 AXIS Bank 2,639.17 60 15.07%
2 Trust Investment Advisors 1,838.13 59 10.50%
3 Standard Chartered Bank 1,834.61 28 10.48%
4 ICICI Bank 1,413.14 35 8.07%
5 Barclays 1,366.97 20 7.81%