Middle East Bonds
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Global sukuk issuance is likely to maintain its positive long-term growth trends, said Moody’s this week, while S&P said the corporate and infrastructure sukuk pipeline will be “solid” in 2014.
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The International Islamic Liquidity Management Corporation (IILM) has issued its second $490m short term dollar sukuk.
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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.
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The International Islamic Liquidity Management Corporation (IILM) has issued its second $490m short term dollar sukuk.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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The Central Bank of Bahrain has issued BD36m ($95.7m) of three month sukuk al-salam, with the sale oversubscribed by 102%.