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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Saudi Arabian fashion retailer AlHokair has printed SR500m ($133.3m) in its debut sukuk issue, building on the kingdom’s busiest six period month period ever.
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Dubai Islamic Bank plans to expand into various new markets including servicing non-Islamic clients, according to its chief executive officer Adnan Chilwan.
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The United Kingdom drew a £2.3bn book in short order as it priced its long awaited £200m sukuk — the first by a western sovereign — flat to its 1.75% five year Gilt on Wednesday.
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United Arab Emirates bank Al Hilal’s tier one perpetual sukuk has rallied in secondary trading despite having set a price on Tuesday that was one of the tightest ever for a deal of its kind and too aggressive for some investors.
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Morocco delivered a surprise on Wednesday as its parliament’s lower house suddenly passed the country’s much delayed Islamic banking law – only a week after a senior official told IFIS the bill may not be ready until October.
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Albaraka Turk’s $350m sukuk held its own in early trading on Tuesday at par to one eighth over, despite needing two days to get $750m orders together for the deal.