Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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Gulf investors 'will now look at every deal', whether sukuk or not
Demand from the Middle East for the sukuk was steady
Bond pricing for the mining company started about 43bp back of its parent
Sovereign wealth fund takes $2bn, as aimed at
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The emirate of Sharjah will be ready to launch its debut sukuk next week after starting investor meetings on Wednesday. A Middle East market awash with liquidity will welcome the deal with open arms, but the issuer is still likely to offer a concession relative to the main comparable Ras Al-Khaimah, said one investor. -
Emaar Properties launched a long expected IPO of its mall unit on Monday, making it the first company to jump into what is expected to be a very busy autumn new issue market.
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Arcelik, a Turkish home appliances and consumer electronics company, has mandated BNP Paribas, Citi and HSBC for a euro-denominated Reg S bond. The deal will mark the first ever bond in the currency for a Turkish corporate.
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Turkish participation bank Turkiye Finans has tapped the country’s domestic market and sold TL139m ($64.3m) of six-month sukuk, it’s second ever issue at that tenor, according to an official at the bank.
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The Kingdom of Bahrain has mandated Citi, Gulf International Bank, Mitsubishi UFJ and Standard Chartered Bank to arrange a long dated benchmark Reg S/144A dollar bond.
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Malaysia’s Securities Commission Malaysia (SC) has introduced a sustainable and responsible investment (SRI) sukuk framework to help create investment initiatives, in what practitioners hope will be a major development in the Islamic finance.
