Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Gulf investors 'will now look at every deal', whether sukuk or not
Demand from the Middle East for the sukuk was steady
Bond pricing for the mining company started about 43bp back of its parent
Sovereign wealth fund takes $2bn, as aimed at
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Pakistani insurer IGI Life Insurance (IGI) plans to start a takaful business, subject to regulatory approval.
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Debt bankers away from Dubai Islamic Bank’s perpetual sukuk roadshow are eying the deal as an indicator of what Middle East primary pricing will look like after the huge drop in oil prices zaps liquidity in the region. -
Dubai Islamic Bank (DIB) has picked banks for a tier one dollar sukuk, and is preparing to kick off what debt bankers expect to be a rush of tier one issuance in conventional and Islamic format from the Middle East.
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China’s Ningxia Hui Autonomous Region (Ningxia) is looking for new funding channels in 2015 and could opt for sukuk and/or conventional offshore dollar bonds for total funding of $1.5bn. A sukuk deal would make Ningxia the first ever Chinese issuer of sukuk, and tapping the offshore market would make it the first Chinese sub-sovereign issuer to tap overseas markets without using a subsidiary company as the issuing vehicle.
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Bangladesh’s central bank has started providing regular auctions of Islamic bonds for domestic banks with Islamic operations to buy.
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Turkish lender Kuveyt Turk completed a $350m murabaha loan over new year, increasing the size on the back of high demand. The reception bodes well for the borrower’s planned sale of up to M$2bn in sukuk, for which it has already mandated.
