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 International Islamic Liquidity Management Corp (IILM) extended its curve this week to six months when it issued its latest instalment of $790m commercial paper style sukuk. -
CIMB Islamic Bank’s proposed MR5bn ($1.86bn) sukuk programme has been given a preliminary rating of AA+IS with a stable outlook by Malaysian ratings agency MARC. The Islamic lender is looking to join Malaysian peers in issuing Basel III compliant sukuk.
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Malaysian Airport Holding's AA2 rating from RAM Ratings Services for its prospective debut perpetual deal will help guide the price discovery process if the issuer decides to launch a deal, said a banker on the transaction. Malaysian borrowers have only sold unrated perps in the past. But a large public deal with a strong rating means similarly rated Malaysian corporate debt offers an obvious starting point for pricing, the banker said.
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Singapore based financial advisory firm Fortune Capital Management has teamed up with Singaporean fund manager DCG Capital to launch a Shariah compliant Asia equity fund to meet the growing demand for Islamic equity in Asia.
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Malaysian property firm Sunway, has received permission from the Securities Commission Malaysia, to set up an MR2bn ($633m) sukuk programme.
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Albaraka Turk launched a new syndicated murabaha facility on Thursday, and is looking for up to $150m split between euros and dollars. The borrower expects to sign the loan in September, but will be paying more than it did for its one year facility last year thanks to political volatility in the region.
