Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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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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Saudi firm Red Sea Housing Services Co has approval from its shareholders to issue sukuk following a board meeting held on Sunday, adding weight to a trend towards more and more supply from the real estate sector.
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Kuwaiti conglomerate Mezzan Holding launched an IPO on Monday.
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Société Générale has hired Karim El Zein for its Middle East DCM team. El Zein will be based in Dubai.
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Swiber Holdings on Monday priced only the second Singapore dollar sukuk of 2014. Ambitious issuers provide the Singapore dollar sukuk market with one or two deals each year, but what really hampers the market’s growth is not the lack of an established Singaporean Islamic investor base, but the lack of wider bond issuance in the currency, said debt bankers.
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Turkey's Yapi ve Kredi Bankasi astonished the market on Wednesday by seeming to accomplish what looked like an impossible feat — pricing a $500m five year bond in a day where its curve was sent 25bp wider in spread terms by US Treasury volatility.
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A grim secondary performance by Goldman Sachs’s debut sukuk has turned the deal into a ready weapon for anyone holding that the Islamic market is not ready for such non-halal borrowers. But despite the performance, Goldman's sukuk will be remembered as the issue that shook the market purists' defences.