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
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Kuveyt Turk, an Islamic Turkish bank, survived a rough market on Monday to print a $350m Basel III compliant tier two sukuk. Even the leads were surprised by how well the deal went, although their own orders and the high yield on offer helped. -
The head of Oman’s central bank has called for his country's borrowers to embrace capital market funding, with the sovereign widely expected to lead the charge itself with a large bond or sukuk.
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The Republic of Indonesia has chosen five banks to work on a dollar sukuk to be sold in the first quarter of the year.
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Oman Telecoms (Omantel) sold a $130m-equivalent sukuk via auction in the domestic market on Wednesday. Though the issuer could have achieved tighter pricing in the loan market, it wanted to aid the development of the sukuk market in Oman, said bankers.
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A 30bp sell-off of Middle Eastern credit overnight could not knock Sharjah off course as it printed a five year sukuk in what bankers described as horrific market conditions on Wednesday.
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Sharjah opened books on the first international bond from the Middle East this year on Tuesday. Pricing for the five year note started back of the borrower’s outstanding 2024s.
