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 Real Estate Group has agreed to sell its stake in Barwa Bank to state-owned Qatari Diar to help pay down debts.
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The Middle East bond market is hoping for a grand re-opening in the next week or so with several candidates lining up the first issuance of 2014 amid strong market conditions.
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Morocco’s government has submitted a draft bill which sets out regulations for Islamic banks and sukuk – paving the way for a potential sovereign issue this year.
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Serbia may turn to sukuk as it eyes $600m in Eurobonds this year to help fill its €5.6bn funding target for 2014.
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Masraf Al Rayan, Qatar’s largest Shariah compliant bank-by assets, has completed its takeover of the Islamic Bank of Britain (IBB).
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MCB Bank is set to establish an Islamic subsidiary after receiving approval from the State Bank of Pakistan.