Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Books over $1.5bn at launch at a spread of 80bp over Treasuries
Gulf issuance will take a pause due to the Eid holiday next weekend, but June could be busy
EM investors may be happy to see some senior supply after glut of tightly priced AT1
Strong local bids enable AT1 sukuk issuers to set yields far below where overseas buyers see fair value
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Majid Al Futtaim Properties, a Dubai based mall developer, has appointed Bertrand Julien-Laferriere as its new chief executive officer. -
National Bank of Abu Dhabi (NBAD) is meeting investors this week to offer an update on its recently announced financial results. A senior dollar bond may follow.
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Barclays will include Malaysian government local currency sukuk in its Global Aggregate Index from April 1 — the first time non-hard currency sukuk have made it into the index. The sovereign sukuk won inclusion based on liquidity, and the fact that sukuk make up an increasingly large proportion of Malaysian government debt, said a Barclays analyst.
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African sovereign sukuk issuance could grow in the next two years, Bank of London and the Middle East (BLME) believes. But other analysts predict only one or two Africa sovereigns will follow South Africa into the international sukuk market.
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Egypt is preparing to follow Tunisia’s landmark return to the international bond market as investors shrug off conflict in Syria and the oil price’s collapse to regain appetite for Middle Eastern credits. Underscored by this week’s $1bn deal, confidence in the region has rebounded to levels last seen before the Arab Spring in 2011, writes Virginia Furness.
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A strong reception to a 10 year Eurobond from Tunisia this week — its first conventional bond since the Arab Spring — marks a large step towards Tunisia’s political and economic rehabilitation, said emerging markets bankers.
