Middle East Bonds

Qatari telecoms firm Ooredoo is looking to issue a debut five year dollar benchmark sukuk on Tuesday and has given final guidance of 160bp over mid-swaps — in from its 165bp initial price thoughts.

The International Islamic Liquidity Management Corporation (IILM) has issued its second $490m short term dollar sukuk.

Aldar Properties priced a $750m 4.348% five year sukuk on Tuesday at 290bp over mid-swaps – in from Monday’s initial price thoughts of very low 300bp area.

Aldar Properties is set to issue a $750m five year sukuk and has given final terms at 290bp over mid-swaps – in from Monday’s initial price thoughts of very low 300bp area. The deal is expected to be priced on Tuesday.

Qatari telecoms firm Ooredoo issued a $1.25b debut five year sukuk on Tuesday at 3.039% or 160bp over mid-swaps — in from its 165bp initial price thoughts.

Qatari telecoms firm Ooredoo is looking to issue a debut five year dollar benchmark sukuk on Tuesday and has given final guidance of 160bp over mid-swaps — in from its 165bp initial price thoughts.

Dubai is set to issue new guidelines for sukuk, as part of the emirate’s goal to develop Shariah standards and corporate governance in the industry.

Aldar Properties has given initial price thoughts of very low 300bp area over mid-swaps for a five year dollar sukuk, with pricing expected to follow this week.

Aldar Properties has given initial price thoughts of very low 300bp area over mid-swaps for a five year dollar sukuk, with pricing expected to follow this week.

The Central Bank of Bahrain has issued BD36m ($95.7m) of three month sukuk al-salam, with the sale oversubscribed by 102%.

Qatari telecoms firm Ooredoo is looking to issue a debut five year dollar benchmark sukuk this week and could price the deal as early as Tuesday.

Euromoney Conferences' MENA podcast returns to discuss the state of bonds and sukuk in Egypt and Qatar. Guests this month are Dan Alderson, editor of IFIS, and Michael Grifferty, president of The Gulf Bond and Sukuk Association.