Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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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
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The Federal Republic of Nigeria is getting ready to launch a pair of Asian bonds. The sovereign plans to issue an Islamic bond that will be incorporated in Malaysia, and could follow that up with an offshore renminbi issue.
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The Kingdom of Bahrain has priced its $750m seven year sukuk issue with a 6.273% profit rate, the first benchmark sukuk from a country that was directly affected by the political turmoil that began to sweep across the region in March this year. BNP Paribas, Citi and Standard Chartered Bank arranged the note.
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Bank Islam Malaysia has said it has plans to expand its operations overseas to Indonesia and other countries with a Muslim-majority population. Indonesia offers huge growth potential for Islamic investment, as its 240m population is more than 85% Muslim, yet has less than 3% penetration by Islamic banks.
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Malaysia's Selangor State Development Corporation (PKNS) is in the process of lining up investors for a RM700m ($222.16m) sukuk as it finalises the regulatory authorisation to proceed with the issue. The deal could come to market as soon as December, with AmInvestment Bank acting as lead manager.
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Abu Dhabi Commercial Bank (ADCB) priced its $500m five year Reg S sukuk at par with a profit rate of 4.071%, in line with price guidance released earlier in the day at 275bp over mid-swaps. JP Morgan, Bank of America Merrill Lynch and Standard Chartered joined ADCB as joint lead managers and bookrunners of the five-year deal.
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Manama, Bahrain -15 November 2011 - 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 135%.