Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
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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Law firm Addleshaw Goddard has opened an office in Qatar, adding to the two other bases it has established in the GCC in the past nine months. -
Meezan Bank, an Islamic bank based in Pakistan, has signed a memorandum of understanding with the University of Central Punjab (UCP) for courses and programmes in Islamic banking and finance.
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Financial exchange Nasdaq Dubai is preparing to open a platform on which investors can trade sukuk and conventional bonds.
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International Bank of Azerbaijan (IBA), the largest bank in Azerbaijan, has completed a series of investor meetings for its new $100m murabaha syndicated facility.
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This week saw a big surge of MENA bond and sukuk activity, with four dollar deals coming to market and two other issuers lining up roadshows. The wave breaks the recent regional lull and points to a further flurry in the coming weeks as borrowers try to seize a window before the Middle East summer kicks in.
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Dar Al Arkan’s $450m 5.75% five year sukuk bucked the recent trend by performing well in the secondary market after pricing on Tuesday. The paper traded up to 100.75 bid on Wednesday, having been priced at 99.47. And despite the general market sell-off on Thursday, the notes were still quoted at 100.25 by the close.
