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QIIB keeps up sweet stream of sukuk deals as market’s diversity blossoms
Flourishing conditions in the sukuk market stepped up another gear this week as Qatar International Islamic Bank priced an additional tier one bond that one of its leads claimed was the tightest ever such trade from the Gulf Cooperation Council states.
14 Nov 2019 -
Consolidation frenzy among Gulf banks rages on as Bahrain’s NBB bids for BIsB
National Bank of Bahrain has made a bid to buy a majority stake in Bahrain Islamic Bank, of which it already owns 29%. The move is the latest in a seemingly endless round of consolidation between Gulf banks, driven by the effort to become more competitive in what many have called an oversaturated banking market.
07 Nov 2019 -
Sukuk deals flow but Dubai's Averda struggles
Qatar International Islamic Bank mandated banks on Wednesday for an AT1 sukuk, one day after Masraf al Rayan (MAR), another Qatari Islamic bank, had achieved tight pricing on its senior unsecured offering in the format. But another Middle Eastern deal, in Reg S/144A format, was pulled this week.
06 Nov 2019 -
Dar Al-Arkan on screens for five year sukuk
Dar Al-Arkan, a real estate development company headquartered in Saudi Arabia, is in the market for a five year sukuk benchmark.
09 Oct 2019 -
Aldar hunting dollar sukuk
Aldar Investment Properties hit screens on Tuesday to announce a roadshow for a 10 year sukuk deal.
08 Oct 2019 -
Dar Al-Arkan hits the road for sukuk
Dar Al-Arkan Real Estate Development Company has mandated eight banks to arrange a long five year Reg S benchmark sukuk and is starting the roadshow for the deal on Thursday.
02 Oct 2019 -
UK seeks second sukuk syndicate
The UK Treasury has started the search for the banks that will structure its second sukuk, planned for early next year.
30 Sep 2019 -
Early 2020 for next UK sukuk
The UK is preparing to launch its second sukuk in early 2020, said city minister John Glen on Wednesday in a speech at an Islamic Finance Week event held at Mansion House.
05 Sep 2019 -
Securitization market shrugs off accusations of Al Rayan extremism links
After an explosive report this week by British newspaper The Times accusing Al Rayan Bank of funding extremist groups, investors in the UK Islamic bank’s sukuk RMBS say they have little concern over the prospects for the bonds.
07 Aug 2019 -
ESIC lines up dollar sukuk debut
The Middle East is regaining its position as the core source of emerging markets issuance after a brief lull in June. Emirates Strategic Investments Company (ESIC) has announced a roadshow for its first dollar sukuk.
15 Jul 2019
