Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Turkish oil and gas firm offers a pickup to its parent and most other CEEMEA sukuk
Where the company's deal prices relative to its parent will be the topic of investor roadshows
Benin showed Islamic issuance is a viable market for sub-Saharan African sovereigns
Investors are still showing big demand for the Dubai real estate firm's sukuk despite two sell-offs in a year
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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. -
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.
