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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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The International Finance Facility for Immunisation (IFFIm) is in the middle of a non-deal roadshow to examine the possibility of issuing a sukuk to fund immunisation and vaccine procurement programs. -
The Bahrain Bourse has appointed Sheikh Osama Mohammed Bahar as a Shariah advisor on a range of Islamic products and services the exchange intends to launch.
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Indonesia proved it had come of age as a sukuk issuer this week. The issuer built its largest orderbook ever for an Islamic deal and beat its yield target as a result. But more important was the tenor. The sovereign enticed a host of accounts — new and old — into what was its largest and longest dated sukuk yet.
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The Republic of Indonesia launched a $1.5bn 10 year sukuk on Tuesday afternoon, enjoying a smooth book build that left the deal fully subscribed early on in execution. Pricing was fair from the outset, said investors, who were rewarded with a 20bp premium over where the issuer’s conventional dollar bonds were trading.
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Al Baraka Banking Group has hired Mohammed Abdullah El-Qaq as head of its commercial banking department.
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Bahrain Islamic Bank (BisB) has appointed Mohammed Ahmed Hassan to replace Mohammed Ebrahim Mohammed as the bank’s chief executive.
