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GC Asia
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IsDB prints $1.5bn for Covid relief efforts
Islamic Development Bank closed a $1.5bn sukuk deal on Thursday that it will use to fund member countries’ work in cleaning up the aftermath of Covid-19.
19 Jun 2020 -
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.
17 Jun 2020 -
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.
17 Jun 2020 -
Axiata raises $800m from sustainability-linked loan
Malaysian telecommunications company Axiata has raised $800m from an Islamic sustainability-linked loan.
12 May 2020 -
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.
01 Apr 2020 -
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.
20 Feb 2020 -
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.
17 Feb 2020 -
International accounts nourish Gulf lines, as Boubyan wins $4.9bn order book
Foreign investors maintained their strong bid for Gulf bonds this week, taking half the allocations for a $750m five year sukuk deal from Boubyan Bank.
12 Feb 2020 -
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.
21 Jan 2020 -
GFH targets $300m five year
Bahraini investment group Gulf Finance House is targeting a $300m five year issue for its debut international sukuk.
21 Jan 2020
