Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
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
More articles/Ad
More articles/Ad
More articles
-
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%.
-
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.
-
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.
-
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.
-
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.