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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Indonesia’s central bank emphasised the country’s status as a ‘new mecca’ for Islamic finance this week. But the bank’s governor, Agus Martowardojo, also pointed out the relatively small size of the country’s Islamic financial system and the potential benefits that could accrue from its growth. -
The Bank of England's unveiling of plans to look into providing Shariah liquidity facilities for UK Islamic banks was one of the highlights at last week’s World Islamic Economic Forum in Dubai. It’s a great idea, but there’s just one problem – this should have been done ages ago.
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In a busy run for Turkish food company loans, Ülker Biscüvi and Yıldız subsidiary Ak Gıda are set to close conventional and Islamic deals this week. Meanwhile, Yıldız itself has asked HSBC to underwrite a leveraged loan backing its $2bn acquisition of Jaffa Cake maker United Biscuits.
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International sukuk issuance is on the cusp of a record year, and so far in 2014 has made up the largest proportion of total sukuk supply since 2007, according to IFIS data.
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DIFC Investments built an orderbook of over $3bn for a $700m 10 year sukuk that it priced on Tuesday. UAE buyers short of fresh paper — and sukuk in particular — took the bulk of the deal, which pulled other Dubai sukuk tighter in its wake.
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Saudi Arabia’s National Commercial Bank closed on Sunday the offer period for the sale of 300m of its shares, having attracted huge demand from its local market by offering a big discount.
