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
More articles/Ad
More articles/Ad
More articles
-
Egypt’s Shura Council has approved the country’s sukuk draft law. The council modified 13 articles and added new ones, according to local newspapers that cite a committee report. The law combines the Shura Council’s proposal and those of the government and the economic and financial committee.
-
Emirates' newly priced $1bn 10 year amortising sukuk, issued at 300bp over mid-swaps, received a three times oversubscribed order book. Despite the strong response, most of the UAE based airline's deal allocation (85%) went into the MENA region — with 73% of the demand coming from banks. Only 7% went to European investors, 5% to Asia and 3% to US offshore.
-
Karachi, March 13, 2013: JCR-VIS Credit Rating Company Limited (JCR-VIS) has maintained the rating assigned to TFC-1 issue of Rs. 500 million of Escorts Investment Bank Limited (EIBL) at 'BB' (Double B). The "Rating Watch - Developing" status has been removed and Outlook on the assigned rating is "Negative".
-
Sharjah Islamic Bank has reported a Dh272m ($74m) net profit for 2012 - up 8% on the Dh251.1m it achieved in 2011. The bank's board has suggested a cash dividend of 6% of the nominal value of shares, amounting to Dh145.5m.
-
Dubai Islamic Bank opened books today on its benchmark size perpetual tier one sukuk, having completed roadshows. Initial guidance for the deal, which is expected to price this week, is in the 7% area.
-
Dubai Islamic Bank has drawn an order book of over $10bn for its benchmark size perpetual tier one sukuk, having completed roadshows on Tuesday. The company tightened official guidance for the deal, which is expected to price on Wednesday during the London session, from an initial 7% area to around 6.5%. Final pricing could come an eighth of a point either side of that, with the deal including a private banking rebate of 50 cents.