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
More articles/Ad
More articles/Ad
More articles
-
Saudi Arabian dairy company Almarai has said it will seek shareholder approval of a plan to issue sukuk. The company will put forward the proposal during its extraordinary general assembly meeting on November 19 in Riyadh. This will authorise Almarai's board to proceed with the bond programme – consisting of one or several parts - once all regulatory approvals are in place.
-
Secondary market activity in recent weeks has seen sukuk trade at record tights to their conventional bond counterparts, according to data from HSBC Amanah . The HSBC Nasdaq Dubai USD Sukuk index traded inside conventional bond indices by as much as 80bp in the first half of October – in marked contrast to a year ago when sukuk were 80bp wider than conventional bonds.
-
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.
-
A new trend in Islamic fund management – where conventional investors are attracted by Islamic-style products – looks set to become a force for growth in the sector, according to a leading banker. New investor interest is being seen in countries as diverse as Australia, Brazil and South Africa.
-
Malaysian state-owned investment company Khazanah Nasional yesterday completed the first ever issue of an offshore renminbi sukuk, following earlier delays. Khazanah said it was able to increase the deal from RMB300m ($78.6m) to RMB500m after it drew a demand of 3.6 times book size. The three-year deal was priced at 2.9% and issued via a Malaysian-incorporated special purpose vehicle, Danga Capital.