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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Emaar Malls Group’s tightly $750m 4.564% 10 year sukuk has performed well in its first day of secondary trading, despite having been priced at the tight end of guidance that had already been refined lower twice.
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Africa's rising fortunes have brought improving growth and saw a near doubling of sovereign bond issuance out of the continent last year to $11bn. Sukuk is much less developed but shows promise as countries' interest in Islamic finance develops and funding diversifies
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Turkish participation bank Albaraka Turk has removed BNP Paribas from its previously indicated arrangers, having mandated banks for a Reg S dollar sukuk roadshow beginning this week.
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Emaar Malls Group has priced $750m of 10 year sukuk at the tight end of twice refined guidance at 182.5bp over mid-swaps, having secured a $5.4bn order book.
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Cham Bank on Wednesday became the first Syrian Islamic bank to trade on the country’s stock exchange and plans to use proceeds to open two branches this year, despite the country’s civil war.
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Willis Group has become the first Insurance broker to offer Shariah compliant commercial real estate insurance in the UK.