Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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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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Palm Hills Development is preparing to sign E£2.4bn ($336.5m) Shariah-compliant loan with local banks and could expand the banking group, according to a statement from the issuer. -
Indonesia is planning investor meetings ahead of its new sukuk deal likely to be launched in September, said Indonesian treasury officials and bankers on the deal. The political backdrop has calmed down after Joko 'Jokowi' Widodo’s election as President in July and Indonesia spreads still historically tight, said investors. But the sovereign’s conventional spreads have widened some 20bp in the last few trading sessions and its previous dollar sukuk is trading well back of its conventional curve.
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CIMB is set to create Malaysia’s largest bank through a three way merger with RHB Capital and Malaysian Building Society. The institution could become a Southeast Asian giant, provided it can take full advantage of the synergies it needs to conduct.
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Turkey’s Islamic banks will have three state owned rivals rather than the two analysts had been expecting, according to statements from Turkey’s deputy prime minister this week. A state-owned trio with Islamic operations would inevitably cut into the existing Islamic banks’ market share, but some of Turkey’s Islamic banking practitioners managed to find a silver lining to the impending competition.
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Authorities in Pakistan’s north west region of Khyber Pakhtunkhwa have pledged Pr1bn ($10m) to a Shariah-compliant microfinance scheme for local entrepreneurs.
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Tajikistan’s parliament has ratified its Islamic banking law, according to an official at the National Bank of Tajikistan, the country’s central bank.
