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
More articles/Ad
More articles/Ad
More articles
-
Luxembourg never intended its debut sukuk to be a one-off sale, and its commitment to Islamic finance means it would make sense for the sovereign to return to market, a source at the Luxembourg ministry of finance told IFIS. But the transaction has also prompted other issuers across Europe to question what the potential benefits of sukuk could be, said bankers on the deal. -
General Electric will not issue a new sukuk when its outstanding debut deal matures in November, according to bankers familiar with the issuer’s plans.
-
UAE based low cost airline Flydubai is working with a group of banks on a sukuk deal, and several other airlines are considering sukuk sales with Export Credit Agency (ECA) backing, a senior debt banker told IFIS. But structuring ECA-backed sukuk involves extra layers of complexity that could exclude all but the most determined borrower.
-
Qatar’s Ahli Bank has closed a $200m debut syndicated term loan facility, increasing the size of the deal after its initial amount was oversubscribed.
-
The National Bank of Oman launched its debut offering on Tuesday morning. Market conditions have been less than ideal for the issuer, which opened books in a risk averse market.
-
The Grand Duchy of Luxembourg paid a clear premium over its conventional curve to get a €200m inaugural sukuk away on Tuesday. But this concession was down to the small size and not the sukuk structure, said debt bankers on the bond. A much bigger problem with the debut deal was Islamic investors’ lack of familiarity with just how measly euro rates have become.
