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
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Iranian firms are still hoping for an end to crippling financial sanctions later this year and launching new business ventures in preparation. The latest is lender Kardan Investment Bank, which launched three new funds this week as part of an effort to modernise Iranian asset management. -
Dar Al Etiman, the financial arm of Saudi based United Motors Agencies (UMA), has hired Shariyah Review Bureau (SRB) to supervise a new offering of Shariah compliant products.
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Fitch has appointed Bashar Al Natoor to the newly created position global head of Islamic finance, which it created in response to the industry’s rapid growth.
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Middle East investors would be willing and eager to buy hard currency Chinese sukuk. But mainland issuers wanting to sell renminbi denominated deals would struggle to place their deals with MENA accounts, according to panelists at Euromoney’s Islamic Finance Conference this week.
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South Africa is turning its attention to the domestic sukuk market following its international debut last year, the head of the country’s debt issuance department told IFIS.
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After a heady period of expansion, CIMB Bank’s merger and acquisition spree appears to be coming undone. The Malaysian bank is aggressively slashing costs and reducing its headcount. But those vilifying its expansion strategy are missing the big picture. Having established an impressive foothold outside of its home base, CIMB should not give up on its regional ambitions now.
