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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Bank of London and Middle East has agreed a $15m five year murabaha facility for Virgin Mobile Middle East and Africa (VMMEA), the holding company for Virgin Mobile’s expansion into the Middle East and Africa.
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Turkey has endured a year of turmoil since the Gezi Park protests and a prolonged emerging market sell-off derailed its economic boom. But even as protesters and police mark the anniversary with another splash of teargas, Halkbank’s result last week shows Turkey’s banks have a prime opportunity to return to the bond market and underscore the country’s strong recovery. Banks thinking of waiting for the third quarter might do well to come now. -
Kuveyt Turk looks set to become the second Turkish participation bank of the year to bring a dollar sukuk, having applied to the country’s Capital Markets Board to issue up to $500m to foreign investors.
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Malaysian property developer Aspen Group has signed an MR95.5m ($29.7m) Islamic financing facility with the Malaysia Building Society to fund the state's first privately-initiated affordable housing project.
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Halkbank this week led a revival in Turkish bank issuance, reported GlobalCapital, selling the first paper since April and the third deal of the year so far from the sector, while Vakifbank announced plans for a euro roadshow.
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Malaysia’s largest takaful operator, Etiqa Takaful, has issued a MR300m ($93.2m) debut subordinated sukuk – the first of its kind from an Islamic insurance provider.
