Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Another Dubai real estate firm priced fresh sukuk well inside its curve
After a very busy period since June began, the pipeline has thinned out
Another Saudi lender is preparing a senior debut
Strong performance of recent Gulf capital deals bodes well for the upcoming sale
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Advanced Petrochemical Co starts investor meetings on Sunday ahead of its first sukuk, and has mandated HSBC Saudi Arabia and Riyad Capital to manage the transaction. But the deal is unlikely to be large enough to help bolster Saudi sukuk supply, which has dropped off sharply after strong issuance in the previous two years. -
Turkish consumer products company Yasar Holdings is embarking on a roadshow with Barclays and Citi. Investor meetings for the deal start in London on Friday and take place in the US on Monday, Tuesday and Wednesday.
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An Indonesia insurance law taking effect this week will provide valuable clarity and guidelines on Islamic insurance. But the country’s takaful sector – although holding huge untapped potential — is still hampered by an underdeveloped Islamic finance industry and the difficulty of convincing a moderate Muslim population to leave the conventional insurance sector, Fitch analysts told IFIS.
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Islamic finance risks falling behind the conventional capital markets in its support of social development and the real economy including SME financing.
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Turkish Development Bank Türkiye Sınai Kalkınma Bankası has tightened price guidance for its $350m five year bond to 387.5bp-400bp over mid-swaps. The bank released initial price thoughts for its debut at 400bp over mid-swaps earlier on Tuesday morning, having waited for a calmer market window since the end of its roadshow last week. Despite the tightening, one analyst still saw the pricing as generous.
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Sukuk is breaking free of regional boundaries to become an increasingly global market, senior IMF economists have told IFIS. Concentration risk is still one the biggest challenges for the growing market, but they expect the clear benefits of issuing sukuk bring more and more new issuers into the fold.
