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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90 North, a UK based investment firm specialising in Shariah compliant real estate, has entered the care home sector with a £40m purchase.
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The Islamic Financial Services Board has named its chairman and deputy for the coming year, added six members to its organisation and adopted two new standards for the Islamic financial services industry.
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Takaful Oman Insurance has raised OR4m ($10.4m) through its initial public offering.
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The UK government is in discussions with the Turkish treasury, among other countries, as it targets next financial year for its debut £200m sukuk.
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The United Kingdom is right to lean on Turkey for advice in placing its inaugural sukuk issue. Turkey’s experience in tapping the Islamic market was hard won and is valuable to new sovereign issuers. But the UK should prepare to pay the favour forward even if keeping its own counsel might allow it to command tighter pricing by keeping sovereign sukuk supply scarce.
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Iran plans to issue up to €12.5bn of sukuk and contribution bonds in its coming year to finance projects, with the country’s oil ministry taking a €9bn share of the finances.