Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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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
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An Indonesia insurance law taking effect this week will provide valuable clarity and guidelines on Islamic insurance. But the country’s takaful sector – although holding huge untapped potential — is still hampered by an underdeveloped Islamic finance industry and the difficulty of convincing a moderate Muslim population to leave the conventional insurance sector, Fitch analysts told IFIS. -
Islamic finance risks falling behind the conventional capital markets in its support of social development and the real economy including SME financing.
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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.
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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.
