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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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Saudi Arabia’s National Petrochemical Co (Petrochem) has sold SR1.2bn ($319.9m) in its debut sukuk, making it the busiest six month period ever for Saudi sukuk issuers according to IFIS figures.
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The National Shipping Co of Saudi Arabia (Bahri) has signed a SR3.18bn ($849m) murabaha bridge financing facility with three local banks to finance its $1.3bn merger with Vela, a subsidiary of Saudi Aramco.
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United Arab Emirates bank Al Hilal tightened guidance on its benchmark tier one perpetual sukuk to 5.75% area and capped the size of the deal at $500m. The bank expects to price the deal, which is the first Islamic tier one out of the UAE since Dubai Islamic Bank brought $1bn in March last year, as early as Tuesday.
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Islamic Bank of Britain, the UK’s only retail Islamic bank, has made Sultan Choudhury its chief executive officer.
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Turkish participation bank Albaraka Turk (rated BB by Standard & Poor’s) has given revised official guidance of 6.25% area on its five year benchmark sukuk, with pricing expected to follow on Tuesday.
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Luxembourg has rekindled its debut sovereign sukuk push, with its finance committee having nominated a new figurehead for the project and elected to revise its plans.
