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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Barwa Bank has named Khalid Al-Subeai as acting chief executive, describing the appointment as an indication of its commitment to "Qatarisation and the progression of Qatari talent at all levels".
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In a sign of growing links between Islamic finance in the Gulf and South East Asia, First Gulf Bank has put in place plans to issue the biggest ringgit sukuk by a GCC borrower and the first from a UAE borrower since 2012.
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Pakistan’s Summit Bank has set up an Islamic branch in Karachi as it looks to be the first conventional bank in the country to become Shariah compliant.
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Undaunted by Turkey’s domestic economic and political uncertainty, the country’s participation banks are lining up to to hit the international market with deals, say bankers. Turkiye Finans looks likely to lead the pack and could bring both a dollar sukuk and murabaha financing.
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With the sukuk market grinding into gear in the first two months of the year, BNP Paribas has emerged as an early top five IFIS global sukuk league table arranger – a surprise given it did not even feature in the top 20 arrangers last year. Meanwhile, last year’s third most active arranger, Maybank, has slipped to tenth place. -
February saw a 14% fall in sukuk volume from the same period last year and a 28% decline from January. The month witnessed only 46 sukuk, compared to 78 sukuk in January, with a total value of $7.45bn.
