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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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.
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Two UAE-based Islamic banks have reaffirmed their support for small and medium enterprises.
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Azerbaijan’s second largest bank, TuranBank, has plans to open an Islamic business by 2015.
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The Islamic Development Bank has given guidance of high 30 basis points over mid-swaps for its five year benchmark sukuk. Leads built books to over $1bn on Tuesday and these are likely to go subject mid-morning London time on Wednesday, with pricing to follow.