Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Gulf investors 'will now look at every deal', whether sukuk or not
Demand from the Middle East for the sukuk was steady
Bond pricing for the mining company started about 43bp back of its parent
Sovereign wealth fund takes $2bn, as aimed at
More articles/Ad
More articles/Ad
More articles
-
Dubai Investments Park gave initial price thoughts of low 300bp over mid-swaps on its $300m five year debut sukuk on Wednesday, but investors are expecting much tighter pricing. Leads tightened guidance to 300bp area and the note was already trading up in the grey market around half a point.
-
SapuraKencana Petroleum has redeemed early and cancelled its MR700m ($210.6m) sukuk programme. The Malaysian oil and gas company ended the facility as it closes in on a raft of loan tranches worth $5.8bn, for which it has received commitments from around 12 banks.
-
The Central Bank of Bahrain will pay an 1.1% expected return on its latest BD20m ($53.2m) of short term sukuk al ijara – in slightly from last month’s 1.25%.
-
AmIslamic Bank is looking to put together Malaysia’s first Basel III-compliant sukuk programme, having received approvals from the Securities Commission and Bank Negara Malaysia. A subordinated deal of this kind will be closely watched to see if borrowers can address Bank Negara’s loss absorption clause on Basel III sukuk and what level of premium investors will require.
-
Pakistan’s Meezan Bank has partnered with Pak Qatar Family Takaful to offer a bancassurance-style savings product, Meezan Kafalah.
-
Fair value for Dubai Investments Park's five year sukuk is at 4.5%, according to one UAE based trader and a UAE based portfolio manager.