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
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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.
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Using ijara sukuk and a highly reputed Shariah scholar can push up a sukuk issuers’ share price, according to a paper published by the International Monetary Fund paper published on Monday. Despite the high price commanded by top scholars, the study indicates that the premium issuers pay for their reputation is worthwhile. And despite the popularity of musharaka and mudaraba structures, equity investors are far happier to see a company issue ijara.
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Luxembourg, which is gearing up to sell the first euro denominated sovereign sukuk, is set to meet investors in Asia, Europe and the Middle East at the end of September. It has hired a pair of banks to lead the project.
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United Arab Emirates corporate Emirates District Cooling (Emicool) has signed a 12 year $245m Shariah-compliant refinancing facility with Dubai Islamic Bank, adding to the swathe of UAE corporates that have been choosing to refinance deals early because of the favourable funding conditions on offer.
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Pakistan has mandated four banks to arrange it’s second ever dollar denominated sukuk despite its conventional bonds having lost 3-4pts in cash since the start of June.