Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Trade was the largest so far from the Dubai property developer
Turkish oil and gas firm offers a pickup to its parent and most other CEEMEA sukuk
Where the company's deal prices relative to its parent will be the topic of investor roadshows
Benin showed Islamic issuance is a viable market for sub-Saharan African sovereigns
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Pakistan’s central bank has blocked Noor Financial Investment from selling its majority stake in Meezan to Hong Kong’s Vision Financial.
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The race to be the first European country to issue a sovereign sukuk has taken a twist, with Luxembourg’s Council of State rejecting a first version of the Grand Duchy’s draft bill. Its government and parliament are expected to propose a number of amendments to the sukuk law over the coming weeks, said a Council of State official – a process that may set back plans for a debut €200m deal.
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Dubai’s recent rollover of $10bn in debt extended to it by the United Arab Emirates’ central bank was widely hailed at the time as a positive by market participants. But the lack of forthcoming detail since on the new terms and tenors of the arrangement has prompted concern for some investors.
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Saudi Electricity Co will test demand for long term sukuk with a minimum 15 year tenor when it comes to market — the first borrower to look beyond five years in the asset class since the sell-off that hit emerging markets in May last year. -
Having peaked at this time last year, issuance of long dated sukuk has since become almost impossible for all but a very select group of borrowers, say market participants.
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Malaysia’s Securities Commission plans to publish guidelines for sukuk focused on socially responsible investment.
