Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Near $1bn attrition from an order book on Tuesday shows buyers have limits
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
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Goldman Sachs priced a $500m debt sukuk deal on Monday with just a 5bp premium over its conventional curve. -
The Republic of South Africa started execution on its first ever sukuk on Tuesday. Debt bankers away from the bond saw the starting point 30bp back of the sovereign's conventional curve. But syndicate officials on the deal said the sukuk had started 20bp wide of where a conventional note in the same tenor would be priced.
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The Republic of South Africa has set the tenor on its prospective debut sukuk, and plans to release initial price thoughts early this week. The borrower’s conventional bonds widened 5bp Monday, which some debt bankers away from the deal ascribed to the National Treasury’s plan to close the funding gap for state electricity provider Eskom. But others argued it was in line with wider market weakness.
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Turkish lender Aktif Bank has signed a $45m murabaha export financing agreement with the International Islamic Trade Finance Cooperation (ITFC). Additional support for Turkish exports is badly needed — Turkish GDP growth has slowed to well below the government’s 2014 target level, and recent data indicates that exports are one of the few areas of the economy preventing a deeper drop, said emerging market analysts.
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Bahraini Islamic lender Ibdar Bank has appointed Basel Al-Haj-Issa as its new chief executive.
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Abu Dhabi Islamic Bank (ADIB) has launched a new 100% capital-protected note tracking the Dow Jones Islamic Market Titans 100 index.
