Most recent/Bond comments/Ad
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The Gulf kingdom is trying to tackle a very wide deficit and sky-high debt to GDP
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
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Malaysian telecommunications company OCK Group has launched a MR150m ($47.3m) sukuk programme and will issue notes of up to 20-year tenor.
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Turkey has seized upon improving markets to push ahead with plans to issue a second dollar benchmark sukuk. The sovereign has picked banks and lined up roadshows next week in the Middle East and Asia.
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Bahrain-based investment house Arcapita is back on the secondary market radar, having emerged from Chapter 11 bankruptcy protection this week with plans to issue a $550m perpetual sukuk.
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The Nigerian state of Osun is offering NG10bn ($62m) of sukuk al ijara to investors, in the country’s first ever sukuk sale.
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The World Bank will launch an Islamic financial research centre in Istanbul before the end year.
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Bank Muscat’s Islamic banking unit Meethaq has opened a branch in Nizwa. The opening is part of Meethaq’s plans to open branches in all major cities and towns across the sultanate.