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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Russian banks are considering moving into Islamic finance, but the path to Shariah-compliant finance in Russia is replete with difficulties, according to a report from the Association of Russian Banks published this week. -
Rising sukuk redemptions should be drawing issuers to market to take advantage of high liquidity still low spreads before they disappear, said debt bankers. Sukuk redemptions will hit record highs this year and again in 2016, according to Dealogic data. Debt bankers are optimistic they can convince borrowers to take advantage of a closing low yield window, and would much prefer to see corporates take the lead.
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The National Bank of Pakistan has asked the State Bank of Pakistan’s permission to begin the due diligence process to buy smaller Islamic peer Burj Bank, as it looks to expand its presence in Islamic banking.
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The Central Bank of Bahrain has sold BD20m ($53m) of short-term sukuk al ijara with a higher subscription than last month’s issue.
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Gulf Finance House is planning to end a seven year sukuk absence with a $200m transaction which should pique the interest of high yield accounts and hedge funds, said one investor in London.
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Emirates Airlines has signed a $425m Shariah-compliant financing facility with three local banks to help it buy new aircrafts.
