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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Malaysian oil palm grower Genting Plantation plans to issue a MR1.5bn fifteen year sukuk programme through its subsidiary Benhi Restu.
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Hong Kong has reiterated its desire to become a hub for Islamic bonds, finally changing its tax laws to be much more sukuk friendly. But with no natural investor or issuer base for the product, and rising competition from better suited Asian countries, Hong Kong will only ever be an also-ran.
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The International Islamic Liquidity Management Corp has attracted criticism for delays in getting its programme of short dated sukuk underway. But IILM’s project must not be rushed if it is to achieve the success the Islamic market badly needs.
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Mawarid Finance, based in Dubai, has teamed up with MasterCard to launch Shariah-compliant credit cards.
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Omani oil and gas contracting firm Renaissance has completed the second and final phase of its OR200.5m ($521.3m) refinancing programme.
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IFIS is conducting a poll of excellence in the Islamic finance market ahead of our 2013 awards dinner in Dubai.