Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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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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Real estate developer Dubai Investments Park will start a roadshow on Sunday for its debut issue as it aims to bring the first dollar sukuk from the Middle East of 2014, despite two weeks of volatile markets. The firm is planning a $300m five year sukuk. -
Sukuk’s advantageous pricing for borrowers over conventional bonds in recent years has evaporated in the Gulf – leaving only disadvantageous structuring costs in the Islamic market – but it does not follow that sukuk volumes are going to disappear too. Far from changing tack to bonds, for those who can issue both the rationale to favour sukuk is stronger than ever.
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UAE real estate developer Dubai Investments Park is planning its debut $300m five year sukuk. It has set dates for a roadshow, starting on Sunday, to bring the first dollar sukuk from the Middle East of the year, despite a selloff in emerging markets over the last fortnight.
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The State Bank of Pakistan, the country’s central bank, has granted an Islamic banking license to Sindh Bank.
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London based Gatehouse Bank has completed a €12m sukuk backed by property in Paris, in a rare example of French Islamic paper and a first for the company.
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Crédit Agricole’s director of Islamic banking, based in Dubai, Yousif Haider has departed the firm and has since returned to Bahrain. It is unclear why he left the bank and a replacement has yet to be announced.
