Latest Islamic Finance news

• Global lenders stay loyal to Turkish banks as EM buyers flee

  

  Global banks are, for the moment at least, standing by their Turkish clients despite deepening financial problems in the country. The yield on Turkey’s 10 year sovereign bond hit almost 20% this week, driven to this vertiginous height by diplomatic tensions with the US and an economy riddled with problems. Silas Brown and Lewis McLellan report.

  • 09 Aug 2018

• Bahrain bounces as support package emerges

  

  The Kingdom of Bahrain’s five year CDS spread has plummeted as investors’ fears of the country’s inability to meet the repayment of its $750m November 2018 sukuk began to recede after a statement of support from Saudi Arabia, Kuwait and the United Arab Emirates.

  • 28 Jun 2018

• IsDB weighs up euro public debut and green sukuk

  

  The Islamic Development Bank has been meeting investors and banks in Europe to explore the possibility of launching its first public sukuk issue in euros. A labelled green sukuk might follow.

  • 25 Jun 2018

• Nordea enjoys best covered demand of 2018

  

  Nordea issued a €1bn seven year bond on Thursday and attracted the highest subscription ratio of any euro covered bond of this size in 2018, while pricing with a tiny new issue premium. The execution offers further evidence that covered bonds are on a solid footing, in contrast with other sectors.

  • 17 May 2018

• IsDB sets roadshow dates for euro sukuk

  

  The Islamic Development Bank has set the roadshow schedule for its euro benchmark.

  • 02 May 2018

• Dar Al Arkan tightens sukuk as book hits $1.1bn

  

  Saudi property developer Dar Al Arkan has tightened price guidance for its sukuk, with books for the deal hitting $1.1bn.

  • 14 Mar 2018

• Dar Al Arkan puts out initial guidance

  

  Dar Al Arkan has released initial price guidance for its dollar benchmark sukuk.

  • 13 Mar 2018

• IsDB guides for sukuk

  

  Islamic Development Bank released price guidance for its dollar benchmark sukuk on Wednesday and leads are expecting to price the note on Thursday.

  • 08 Mar 2018

• Dar Al Arkan hits the road for sukuk

  

  Dar Al Arkan Real Estate Development Company has mandated eight banks to arrange a dollar benchmark five year sukuk.

  • 08 Mar 2018

• IsDB mandates for five year sukuk of ‘$1bn-plus’

  

  The Islamic Development Bank (IsDB) has mandated eight banks to roadshow a benchmark five year Reg S sukuk with a view to adding a 10 year tranche as well.

  • 28 Feb 2018

Islamic Finance news archive