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Islamic Finance

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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
Investors are still showing big demand for the Dubai real estate firm's sukuk despite two sell-offs in a year
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  • Khazanah Nasional, Malaysia's sovereign wealth fund, has found overwhelming demand for its $1bn bond, attracting more than $5bn of orders.
  • The Republic of the Maldives has tapped its 2026 sukuk for an additional $100m, bringing the total deal size to $300m.
  • The government of Malaysia is preparing to return to the dollar market for the first time in five years. It is marketing what will be the world's first sustainability sukuk from a sovereign borrower.
  • The Republic of the Maldives priced a $200m sukuk on Monday, marking the country’s first dollar outing in three years.
  • The Republic of the Maldives, which took a big hit to its tourism-reliant economy last year due to the pandemic, announced a tender and new money offer on Monday, returning to the dollar bond market after a three year hiatus.
  • Diversification has taken hold in central Asia's Uzbekistan, which over the last two years has started its pivot towards international capital markets. According to sources, a plethora of debut deals is expected to hit markets in coming months.