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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Kyrgyzstan is looking to introduce rules for sukuk and takaful in the country and has engaged international law firm Simmons & Simmons to set up a consultancy.
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Abu Dhabi National Energy Co (Taqa) and Dubai shopping mall firm Majid Al Futtaim this week showcased the strong demand for emerging markets — at least outside of Russia and Ukraine — when they and hit their target bond sizes with ease and also managed to crunch pricing of their new debt to inside their own curves.
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Turkey’s Albaraka Turk and Kuveyt Turk plan to issue dollar sukuk before the Ramadan religious holiday in June, according to three people with knowledge of the matter.
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Malaysian property firm Hua Yang plans to issue MR250m ($76m) of murabaha sukuk.
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Majid Al Futtaim’s $500m bond held its ground in the secondary market on Wednesday morning, after the Dubai shopping mall operator priced the 10 year note well inside guidance on Tuesday afternoon.
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Taqa used the strategy of a capped size and fair starting point for price talk to print its $750m 10 year bond 10bp inside its outstanding curve on Tuesday, according to a lead manager. It built a $4.55bn book in the process, reports GlobalCapital.