Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Near $1bn attrition from an order book on Tuesday shows buyers have limits
Another Dubai real estate firm priced fresh sukuk well inside its curve
After a very busy period since June began, the pipeline has thinned out
Another Saudi lender is preparing a senior debut
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Sudan’s need to raise money outside of its domestic market has been illustrated this week, with the sanctions-hit country looking to sign a $50m loan with the Kuwait Fund for Arab Economic Development to finance development projects in the private sector. -
Dubai World subsidiary DP World has signed a $3bn loan deal that comprises conventional and Islamic tranches, replacing its previous $1bn revolving credit facility.
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Alternatifbank is preparing to price a $250m five year deal at 143bp over mid-swaps this afternoon — right around where debt bankers off the bond saw fair value — having received over $1.6bn in orders for the no-grow note.
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International law firm Latham & Watkins has hired Sami Al-Louzi as a partner in the corporate department at the firm’s Riyadh and Dubai offices.
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Luxembourg’s decision to issue its debut sukuk in euros seems to defy common sense, since it will be selling into a Gulf-dominated market where most investors are fixated on dollars. But the grand duchy is right to stick with the currency and sukuk market participants should welcome this unusual choice.
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The Central Bank of Bahrain has sold BD20m ($53m) of short-term sukuk al ijara with lower orders than last month’s issue.
