Islamic Finance

  • Sharjah breaks EM FIG silence

    Sharjah breaks EM FIG silence

    Sharjah Islamic Bank’s sukuk trade on Tuesday showed that emerging market bond investors are eager to buy the right FIG paper, which has been lacking from recent new issuance.

  • Indonesia brings back green sukuk

    Indonesia brings back green sukuk

    The Republic of Indonesia rolled out its annual Islamic finance transaction on Tuesday, taking $2.5bn from a three-tranche sukuk. The sheer strength of investor interest surprised the bankers on the bond, leading to a hefty 70bp tightening and a deal that offered negative new issue premium.

  • Corporates roar but prospect of beating 2009 record distant

    Corporates roar but prospect of beating 2009 record distant

    The primary corporate bond market in Europe threw up another blistering day on Wednesday, with seven issuers on screens by mid-morning, bringing the number of deals so far this week to 18, though bond syndicate desks are hesitant to compare this crisis market with the record-breaking issuance in 2009.

  • Dar Al Arkan taps long dated bid to reach 7y

    Dar Al Arkan taps long dated bid to reach 7y

    Dar Al Arkan Real Estate Development Company moved beyond the usual five year tenor it normally issues at on Wednesday, making the most of investors’ willingness to take on longer maturity paper.

  • Dar Al-Arkan returns for sukuk

    Dar Al-Arkan returns for sukuk

    Saudi Arabia's Dar Al-Arkan Real Estate Development Company will issue its second sukuk in four months as it embarked upon a roadshow on Monday for a seven year Reg S dollar deal.

  • UK launches tender for second sukuk syndicate

    UK launches tender for second sukuk syndicate

    The UK Debt Management Office and the UK Treasury have launched an invitation to tender for the appointment of syndicate banks to run the sovereign’s second sukuk, which is being planned for this year.

  • GFH targets $300m five year

    GFH targets $300m five year

    Bahraini investment group Gulf Finance House is targeting a $300m five year issue for its debut international sukuk.

Islamic Finance News Archive