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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The Bank of England (BoE) will begin work next year on how to provide Islamic banks with Shariah compliant liquidity facilities. Even without knowing what rates or requirements the prospective facilities will involve, the UK’s Islamic lenders — long starved of Shariah compliant liquid assets — say anything will be better than holding cash. -
UK Export Finance (UKEF) — the UK’s export credit agency — is working on a guarantee structure for a sukuk sale. The deal is likely to appear early next year and could be the sukuk market’s first export credit backed aviation deal, although other aviation lenders are considering their own deals, said bankers.
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Dubai Islamic Bank has increased its sukuk holdings rapidly over the last nine month but is still on the hunt for more paper. On its wish list is supply from Africa and South East Asia, two regions into which it is planning to expand.
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DIFC Investments — Dubai International Financial Centre’s investment arm — has set roadshow dates, beginning on Thursday, for its second ever benchmark sukuk sale.
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Islamic banks in the Gulf Co-operation Council states are suffering from a perception problem, according to a report from Price Waterhouse Coopers (PwC) published on Tuesday. The firm found that although the banks have huge potential, existing and likely customers often believe that Islamic banks are not true to Shariah values.
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The UK government is not intending to issue another sukuk but is trying to chivvy corporations into following its example, according to people who attended a private UK Treasury seminar held last week.
