Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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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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European Islamic Investment Bank has cancelled a £20m tender offer after failing to receive regulatory approval. But it intends to launch a new tender with the same terms once the regulator finally signs off on the deal. -
India’s SBI Mutual Fund has decided to postpone the launch of a Shariah compliant equity fund in order to launch a more attractive version in due course, an official at the fund told IFIS.
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Malaysia’s national mortgage provider, Cagamas Berhad is on track to issue its first foreign currency sukuk. The borrower made its foreign currency debut in conventional format just months ago and is now planning a $2.5bn multi-currency sukuk programme, which has received provisional ratings from a Moody’s and RAM Ratings.
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Bahraini Islamic lender Ibdar Bank has completed a $100m financing deal with Ethiopian Airlines to acquire four new aircraft, which marks the first Sharia compliant transaction in Africa’s aviation industry.
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A triumphant sovereign return, and an innovative socially responsible deal helped the sukuk market smash through its previous record year for issuance volumes. Unusual but impressive trades from Pakistan and the International Finance Facility for Immunisation (IFFIm) helped the growing asset class beat its previous annual dollar issuance record set in 2012 and put the gloss on a burgeoning fourth quarter run of deals.
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IFAAS, an Islamic consultancy, and Portillion Capital, an independent Islamic finance provider, have launched what they say is the UK’s first Shariah compliant seed enterprise investment scheme fund (SEIS).
