Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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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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Investment Corporation of Dubai will hit the road on Thursday for a dollar debut, building on the recent momentum of United Arab Emirates issuers from the Dubai sovereign, Majid Al Futtaim, Mubadala and Abu Dhabi National Energy Company (Taqa). -
IFIS's exclusive article last week on the United Arab Emirates’ shortfall in bankruptcy rules (“UAE urged to act on Basel III bankruptcy baffler”) has highlighted a Basel III compliance problem that is holding back the whole Gulf region, say bankers. But while the UAE has so far been lax in its response, it should take the lead and spur its neighbours to follow suit.
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Tunisia’s local currency sukuk this summer will provide a litmus test for the country’s ability to go to the international market later, said a senior official at the Islamic Development Bank.
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Indonesian national airline firm Garuda has signed a three year $100m musharaka loan with Malaysia’s Maybank.
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Bank Muscat’s debut sukuk is being delayed by a hold up in the Central Bank of Oman’s approval process, according to a senior Bank Muscat official. The bank is also yet to make any decision on the amounts, currencies or maturities it will issue, the official added – in denial of recent media reports.
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Abu Dhabi Islamic Bank’s recent tweaking of its $5bn sukuk programme to include provisions for tier two deals has highlighted a shortfall in local rules that is holding back the Basel III regulatory push in the United Arab Emirates, said bankers.
