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The country's curve has rallied since the US and Iran agreed on a peace MoU
Most of the demand came from local investors, as one banker expected
Price was 'way off' fair value, according to a source on the deal
Rare borrowers Burjeel Holdings and Avilease also marketing deals
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Dallah Healthcare Holding Co has signed its first ever Shariah-compliant loan, a SR995.5m ($265.4m) facility with Saudi British Bank. -
EFU Life Assurance, one of Pakistan’s largest conventional insurance companies, plans to offer takaful services through its general and life assurance businesses, adding momentum to the trend of conventional insurers in the country starting to offer Islamic services.
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Turkey’s Doğuş group has approval from the country’s capital markets board for a $370m debut sukuk, taking it another step closer to launching the first ever dollar sukuk from a Turkish corporation. The country has a limited Islamic investor base, but the deal should also attract healthy support from conventional accounts, said debt bankers.
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European Islamic Investment Bank is on the lookout for a new chief financial officer after revealing that its plans fell through to appoint Michael Kidd, formerly its head of strategy and principal investment as well as the chief operating officer of affiliated Rasmala Investments.
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Senegal’s initial price thoughts for a new 10 year benchmark bond on Wednesday surprised bankers away from the deal, who felt the sovereign had started with an over aggressive level. But the lead managers countered there was no push back from investors, and that Senegal’s secondary curve was by no means the sole reference point for pricing, GlobalCapital reports.
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Durham University Business School has appointed two prominent professors as the university seeks to bolster its Islamic finance personnel department.
