Swiber doubles Sing dollar sukuk tally, but arrangers face uphill struggle

Swiber Holdings on Monday priced only the second Singapore dollar sukuk of 2014. Ambitious issuers provide the Singapore dollar sukuk market with one or two deals each year, but what really hampers the market’s growth is not the lack of an established Singaporean Islamic investor base, but the lack of wider bond issuance in the currency, said debt bankers.