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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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Egypt is set to begin roadshows in the GCC region as it looks to issue a first sovereign sukuk. At the same time the government boosted its budget with a $2.7bn conventional MTN. -
The Islamic Development Bank priced its largest ever sukuk this week at its tightest ever price — and with what leads said was its biggest and highest quality order book. The $1bn five year also prevailed in a week in which the rest of the EM new issue market was shuttered due to global volatility.
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The Islamic Bank of Thailand will issue as much as Bt5bn ($165.7m) of sukuk as part of a plan to improve its financial standing.
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Saudi-listed firm National Petrochemical Co (Petrochem) has signed a $600m two year Islamic financing deal with Riyad Bank.
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Bank of London and Middle East has provided a £7m facility to Small World Financial Services Group to refinance existing banking facilities. Small World will use the facility for general working capital purposes and to expand its business.
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The Islamic Development Bank has priced a $1bn five year sukuk at just 30bp over mid-swaps, having tightened guidance from Tuesday’s high 30bp area. IsDB will pay a 1.535% profit rate on the notes.
