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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Oman Arab Bank has appointed Abdul Qader Al Bulushi as general manager of Al Yusr Islamic, its Islamic banking business.
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April brought a welcome pick up in pace for the sukuk market, after the first quarter's lumber, with the highest value of sukuk issuance since December. The marked increase was largely driven by a spate of dollar international deals.
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Qatari telecoms firm Ooredoo has signed three short term Islamic financing facilities totalling just under $500m with three local banks.
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The Islamic Financial Services Board (IFSB) and Islamic Research and Training Institute (IRTI) are set to unveil measures to improve Islamic finance in four key areas. These comprise Islamic banking, takaful, capital market and regulatory recommendations.
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The Islamic Development Bank (IsDB) has signed a set of loan agreements worth $671m to fund development projects in several member countries as well as Muslim communities in non-member countries.
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Risk weighting, credit ratings and the Dubai government itself have all been cited as contributing factors after the emirate’s sovereign wealth fund cut the size of its conventional bond offering in favour of a shorter dated sukuk.