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Most recent/Bond comments/Ad
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The country's curve has rallied since the US and Iran agreed on a peace MoU
Most of the demand came from local investors, as one banker expected
Price was 'way off' fair value, according to a source on the deal
Rare borrowers Burjeel Holdings and Avilease also marketing deals
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National Bank of Abu Dhabi has hired Wynce Low as its first head of debt origination and distribution for South East Asia. The firm has raced up the international sukuk league table in recent years, and is hoping to drum up new business in sukuk and conventional format in Asia, the bank’s global head of debt origination told IFIS. -
Pakistani financial NIB Bank has appointed Atif Bokhari as its new director and chief executive officer.
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The Republic of Turkey re-opened the CEEMEA bond market in 2015 on Wednesday with a $1.5bn tap of its 2043s. Turbulence across EM and falling oil prices played to Turkey’s favour with the bond offering a haven to nervous investors. But as a result of the recent volatility, the country paid a decent new issue premium, bringing in a $5bn book.
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Vakifbank will apply to Turkish authorities to establish a participation bank with $300m equivalent of paid up capital and a registered capital ceiling of TL1bn ($432m), the bank announced this week.Meanwhile, rival Turkish Islamic financial Bank Asya, while responding to an official investigation of its Bursa branch, completed a capital raise and announced the sale of a stake in Tamweel Africa Holding.
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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.
