Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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The country's curve has rallied since the US and Iran agreed on a peace MoU
Most of the demand came from local investors, as one banker expected
Price was 'way off' fair value, according to a source on the deal
Rare borrowers Burjeel Holdings and Avilease also marketing deals
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AmTakaful, an Islamic insurance subsidiary of Malaysian banking group AMMB Holdings , has appointed Wan Zamri Wan Zain as its chief executive officer – bringing the firm nearer to its official launch. Wan Zain joins from a similar position at AIA Takaful International.
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Saudi Arabian dairy company Almarai has obtained shareholder approval for a plan to issue sukuk. The company put forward the proposal during its extraordinary general assembly meeting held in Riyadh on Saturday (November 19).
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Copenhagen-headquartered online trading and investment specialist Saxo Bank has selected IdealRatings to help enable its clients to identify and trade Islamic compliant stocks and ETFs on more than 25 exchanges worldwide. IdealRatings is a Shariah-compliant fund management services provider.
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Abu Dhabi Islamic Bank ( ADIB ) could look to issue its benchmark, dollar denominated sukuk as early as Tuesday (November 22), following investor meetings that began last week. The size of the proposed transaction is not yet specified, but the bank's intensions to issue a benchmark Reg S deal suggest it could be upwards of $500m.
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The Gulf Bond and Sukuk Association (GBSA) has released an inaugural set of investor relations standards for sukuk and conventional bond issuers from the region. The association said this is the first set of agreed debt issuance guidelines and standards ever in the Middle East.
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Last week's run of well received sukuk issues appears to have given confidence to UAE-based Majid Al Futtaim (MAF) to push ahead with its own sukuk plans in November. The shopping mall developer last month appointed HSBC and Standard Chartered to structure its programme, but has held back from coming to market with sukuk or conventional bonds until it views backdrop conditions as more favourable.