Most recent/Bond comments/Ad
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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Qatar Islamic Bank's $750m five year sukuk has traded up in secondary markets since it was priced on Wednesday, further underscoring the demand for the deal that saw it pull in a $6bn order book. Having been issued at par, the paper was quoted up at 100.30/100.45 on Thursday.
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Please find the below short commentary from Jason Kabel, Head of Fixed Income at Bank of London and The Middle East:
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Source: The Edge Communications Sdn Bhd
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New Islamic banks set up in Oman will struggle initially to compete with established conventional banks offering Shariah-compliant services when the country opens up its banking market, according to Fitch Ratings. While there is demand for Islamic banking, and its growth across the Gulf region is likely to outpace that of conventional banking, the rating agency said that recent experience from Qatar suggests that customers in Oman will opt to get these services from established banks.