Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Trade was the largest so far from the Dubai property developer
Turkish oil and gas firm offers a pickup to its parent and most other CEEMEA sukuk
Where the company's deal prices relative to its parent will be the topic of investor roadshows
Benin showed Islamic issuance is a viable market for sub-Saharan African sovereigns
More articles/Ad
More articles/Ad
More articles
-
Turkey's sukuk debut on Tuesday was hailed as a triumph after the borrower achieved a $1.5bn size for the 5.5 year deal despite pricing inside its conventional curve.
-
The growing recognition of the increasing significance of Islamic capital market, especially in view of rising cross-border transactions, has triggered the need for stronger oversight, greater transparency and more robust disclosure requirements, global standard-setters and senior regulators acknowledged today.
-
Today Turkey issued its first Sukuk having previously only issued conventional bonds. Jason Kabel, Head of Fixed Income at Bank of London and The Middle East commented: "Further details have been released today regarding the $1.5bn Sukuk (Islamic bond) issued by Turkey. It is encouraging that a country outside of South-East Asia or the GCC is issuing a Sukuk of this size in US dollars. The Sukuk was significantly over-subscribed, with the book size closing at over $8bn despite being sub-investment grade and offering a profit rate of approximately 2.80%. The interest in this Sukuk demonstrates the huge demand for US denominated Sukuk in the international market. We expect to see more governments and institutions take advantage of this demand over the last quarter of 2012."
-
Manama, Bahrain –18th September 2012 – The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been oversubscribed by 328%.
-
Date posted: 18 September 2012
-
Bahrain's Bank Alkhair has appointed veteran investment banker Khalil Nooruddin as managing director and chief executive, the Islamic finance house announced on Tuesday.