Islamic investors pile into sukuk debutants

Sukuk
By Dan Alderson
13 Feb 2014

The international sukuk drought is over — and how. Dubai Investments Park and the Export Import Bank of Malaysia secured tightly priced debuts this week amid a deluge of demand that spoke volumes about investors’ need for more Islamic issuance and a greater diversity of borrowers.

DIP and Export Import Bank of Malaysia (Mexim — see separate EuroWeek Asia article) drew order books that were more than 10 times oversubscribed and managed to tighten their five year sukuk sharply from guidance.

But at just $300m each, the deals were well short of benchmark ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.