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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Dubai/Hong Kong: Leading international law firm Clifford Chance has advised Bank of America Merrill Lynch, CIMB and HSBC as joint lead managers on Axiata Group Berhad's RMB1 billion sukuk issuance. The sukuk is the largest RMB-denominated sukuk and the second sukuk to date to be issued in the dim sum bond market. The sukuk is listed on Bursa Malaysia Securities Berhad (under the Exempt Regime) and the Singapore Stock Exchange.
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Bursa Malaysia has introduced new rules to allow sukuk and bonds to be listed and traded on its securities market, a move it regards as a first step to improve liquidity for issuers by increasing retail investor participation. Previously, bonds have been mainly available to institutions and high net worth individuals.
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Mohammed Al-Sheikh, formerly a managing partner at Latham & Watkins in Riyadh, has joined the World Bank as executive director and a member of the board of directors representing Saudi Arabia.
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Saudi Arabian urban developer Jabal Omar Development Co has obtained final approval from its lenders' Shariah boards to sign a SR5bn ($1.33bn) Islamic financing.
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Qatar Islamic Bank (QIB) is set to begin roadshows for its first deal from its $1.5bn sukuk programme and will hold investor meetings in Asia, the Middle East and Europe. The bank has asked Deutsche Bank , HSBC, QInvest and Standard Chartered to manage the Regulation S dollar sukuk sale.