Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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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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Abu Dhabi Islamic Bank plans to convert Barclays’ United Arab Emirates retail banking business by the end of this year and has seen its own net profit jump 22.5% in the second quarter, to Dh454.8m ($123.8m).
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The Central Bank of Bahrain has sold BD36m ($95.4m) of its monthly sukuk salam with fewer orders than last month’s issue.
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Alizz Islamic Bank has promoted its chief financial officer, Saif Al Yarabi, to general manager and chief operating officer. The appointment comes amid various hires to the firm.
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Senegal has closed and priced its debut XOF100bn ($200.5m) four-year sukuk with a 6.25% profit rate, the first medium term Islamic bond offering out of Africa of 2014 and the first Sub-Saharan sovereign sukuk ever apart from Nigeria's State of Osun last year.
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While both global and dollar sukuk issuance so far this year passed 2013’s running total by the end of the second quarter, the year’s slow start has still not been shaken off by Malaysian borrowers – the main driver of volumes in recent years. The Malaysian sukuk market still lags 2013 levels, although the gap has closed and there are plenty of positive signs for development in the region.
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Luxembourg’s KBL Bankers returned as a primary dealer for the International Islamic Liquidity Management Corp’s seventh sukuk, as the company reissued its rolling $860m of three-month commercial paper on Thursday.