Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
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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Dubai World subsidiary DP World has signed a $3bn loan deal that comprises conventional and Islamic tranches, replacing its previous $1bn revolving credit facility. -
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.
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Tunisia’s National Constituent Assembly has added takaful chapters to its existing insurance framework, as part of its move to integrate Islamic finance into the country’s financial system.
