Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Books over $1.5bn at launch at a spread of 80bp over Treasuries
Gulf issuance will take a pause due to the Eid holiday next weekend, but June could be busy
EM investors may be happy to see some senior supply after glut of tightly priced AT1
Strong local bids enable AT1 sukuk issuers to set yields far below where overseas buyers see fair value
More articles/Ad
More articles/Ad
More articles
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Islamic Corporation for Development (ICD) printed a $300m five year sukuk on Wednesday. But it drew heavy criticism for having priced at the wide end of guidance with a lower size than the benchmark originally targeted.
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The dam holding back a flood of Middle East bonds was broken this week by Ahli Bank Qatar and Islamic Corporation for Development. But those two issuers demonstrated that, despite a renewed appetite for paper from the region, the price needs to be right to attract international interest.
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The Islamic Corporation for Development printed its $300m five year sukuk on Wednesday but drew heavy criticism for having priced at the wide end of guidance with a lower size than the “benchmark” originally targeted, and for a lacklustre performance in the secondary markets on Thursday. -
Egypt’s Banque Misr is finalising its second syndicated loan in over a decade, a murabaha deal for $200m.
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Dubai Islamic Bank emerged with the year’s first public deal from a Gulf Co-operation Council financial borrower on Tuesday morning.
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The Republic of Indonesia’s savviness was on display this week when it broke several records with a red hot $2.5bn wakala. Not only was this the sovereign’s first dual-tranche appearance in the asset class, it was also its largest ever — achievements that were attained thanks to the country’s ability to listen to market feedback.
