Middle East Bonds
-
Qatar International Islamic Bank this week issued a tightly priced $700m five-year debut international benchmark sukuk that benefited from the momentum created by a similarly-sized sukuk from its better known peer Qatar Islamic Bank the week before. But leads and investors agreed that a strong QIIB roadshow also played a big part in the result.
-
10 October 2012 – Australian Islamic wealth manager Crescent Wealth today announced it has partnered with the Bank of London and The Middle East (BLME), the largest Islamic bank in Europe, in a deal that gives Australian retail investors exposure to the growing Islamic bonds market for the first time. Following the partnership, investors in the Crescent Islamic Cash Management Fund will be able to gain exposure to the US$150 billion + global market for Sharia’a-compliant bonds or ‘Sukuk’. Sukuk generate ethical returns backed by real assets. The portfolio will be managed by BLME, a leading global provider of Sharia’a-compliant fixed income product.
-
-
-
-
Please find the below short commentary from Jason Kabel, Head of Fixed Income at Bank of London and The Middle East:
-
Source: The Edge Communications Sdn Bhd
-
-
Qatar Islamic Bank (QIB) this week began roadshows for the first deal from its $1.5bn sukuk programme. Investors are hopeful that the move heralds a return in force for financials issuance in the region, with forthcoming deals also touted for Abu Dhabi Islamic Bank, Gulf International Bank and First Gulf Bank.
-
Source: Al Bawaba Bursa Malaysia has introduced rules to facilitate Exchange Traded Bonds and Sukuk (ETBS) to be listed, and traded on Bursa Securities. This marks the first step towards providing wider access for this asset class to Bursa Malaysia’s investors.
-
Dubai/Hong Kong: Leading international law firm Clifford Chance has advised Bank of America Merrill Lynch, CIMB and HSBC as joint lead managers on Axiata Group Berhad's RMB1 billion sukuk issuance. The sukuk is the largest RMB-denominated sukuk and the second sukuk to date to be issued in the dim sum bond market. The sukuk is listed on Bursa Malaysia Securities Berhad (under the Exempt Regime) and the Singapore Stock Exchange.