Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
The country's curve has rallied since the US and Iran agreed on a peace MoU
Most of the demand came from local investors, as one banker expected
Price was 'way off' fair value, according to a source on the deal
Rare borrowers Burjeel Holdings and Avilease also marketing deals
More articles/Ad
More articles/Ad
More articles
-
Two Turkish financial institutions, Isbank and TSKB, braved the market this week with new issue premiums that edged lower than recent comparable deals, showing how the market has stabilised since Yapi Kredi printed its bond on October 15. -
Falah Capital, the only Islamic exchange traded fund (ETF) listed on the New York Stock Exchange, has outperformed broader US market indices in its first week weeks, the company’s chief executive told IFIS. The dearth of passively managed Islamic funds in the US stands in stark contrast to growing appetite for such products, and Falah Capital’s CEO is hoping to watch the fund grow in size several times by the end of the year.
-
Shariah compliant insurance agency Cobalt Underwriting is partnering with AIG as both firms seek to further their global reach. The agreement highlights the growing importance of London as a hub for Islamic insurance, which will only increase with the planned creation of a London-based Islamic insurance body with global ambitions, industry practitioners told IFIS.
-
Turkish Development Bank Türkiye Sınai Kalkınma Bankası printed its $350m bond at 380bp over mid-swaps on Tuesday, ratcheting in pricing 20bp inside initial price talk and building a $1.3bn book. But leads estimated that the note still needed to pay a double digit new issue premium as investors remained cautious after last week’s volatile market.
-
Advanced Petrochemical Co starts investor meetings on Sunday ahead of its first sukuk, and has mandated HSBC Saudi Arabia and Riyad Capital to manage the transaction. But the deal is unlikely to be large enough to help bolster Saudi sukuk supply, which has dropped off sharply after strong issuance in the previous two years.
-
Turkish consumer products company Yasar Holdings is embarking on a roadshow with Barclays and Citi. Investor meetings for the deal start in London on Friday and take place in the US on Monday, Tuesday and Wednesday.
