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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Prospects of a sukuk from Tunisia are looking up after the country said it plans to issue dollar denominated bonds and sovereign sukuk with guarantees by America, Japan and the Islamic Development Bank (IsDB), in the first half of 2014.
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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.
