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
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This decade has witnessed dramatic changes in the Islamic financial landscape. As a dynamic industry, Islamic finance is responding to the forces of change emanating from the changing requirements of the real economy, the changing pattern and pace of globalisation and the wide spread financial reforms being undertaken at both the international and national levels. ? This transformation of the Islamic financial system is also taking place during the most challenging of times as the world enters the fifth year of the global financial crisis. A central aspect of the new Islamic financial landscape is also the increased focus on financial stability to enhance further its potential as a form of financial intermediation in an increasingly more challenging environment.
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Bahrain could come to market with its proposed sukuk issue by Thursday this week, according to bankers away from the deal. Bahrain has mandated BNP Paribas , Citi and Standard Chartered Bank as joint lead managers and bookrunners of the bond, which will be 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.
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Malaysia's KL Eco City has obtained a RM460m ($142.63m) seven-year club term Islamic financing facility. HSBC acted as sole coordinator and bookrunner as well as joint lead arranger and facility agent of the transaction. Other banks on the deal included Hong Leong Islamic Bank and Bank Mualamat Malaysia.
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Sukuk now offer well-capitalised borrowers cheaper funding than conventional bonds. Benchmark deals coming to market this week could open the door to some surprising names.
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JCR-VIS assigns local currency ratings on a national scale. Local currency rating on a national scale assumes the national government to be least risky, which is therefore implicitly assigned a 'کAAA' rating. These ratings represent an entity's ability to meet its domestic obligations in the local currency.