Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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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
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Qatari telecoms firm Ooredoo is looking to issue a debut five year dollar benchmark sukuk on Tuesday and has given final guidance of 160bp over mid-swaps — in from its 165bp initial price thoughts.
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Dubai is set to issue new guidelines for sukuk, as part of the emirate’s goal to develop Shariah standards and corporate governance in the industry.
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The first Islamic bank in the eurozone, named Eurisbank, is set to be launched in the fourth quarter next year.
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The Kingdom of Bahrain will next month host the World Islamic Banking Conference, which will celebrate its 20th year.
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Aldar Properties has given initial price thoughts of very low 300bp area over mid-swaps for a five year dollar sukuk, with pricing expected to follow this week.
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The Central Bank of Bahrain has issued BD36m ($95.7m) of three month sukuk al-salam, with the sale oversubscribed by 102%.