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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Maybank Islamic has issued a first MR1.5bn ($459.9m) tranche from its MR10bn Basel III compliant sukuk programme – increasing the size of the inaugural deal from $1bn on strong demand. -
The Islamic Republic of Pakistan, rated B- / CAA1, will consider it a great result if it can re-establish a five- and 10-year international bond curve this week – following a seven year hiatus – by pricing close to higher-rated Zambia. But for a country with Islamic in its name, with a growing Islamic banking industry and with Islamic finance globally gathering momentum, it would be an oversight if it does not also re-establish a sukuk curve, and soon.
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Kuala Lumpur based RHB Asset Management has launched the RHB-OSK Islamic Regional Balanced Fund, which will invest predominantly in Shariah compliant equities as well as other Shariah compliant products.
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KazanSummit will put the focus of its forthcoming 2014 summit on strengthening economic and trade relations between the Russian Federation and Organisation of Islamic Cooperation member countries.
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The Dubai based Gulf Bond and Sukuk Association has accepted RAM Ratings as an associate member – its first inclusion of a Malaysian institution.
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Sabah Credit Cooperation (SCC) launched a MR1.5bn musharaka sukuk programme on Monday, having issued the last tranche from its previous programme in March.
