Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Tight price and strong book reported as market awaits geographic breakdown
Flood of AT1s expected to follow the first public trade from the Gulf in over two months
Announcements could come as early as Monday, the two month anniversary of the last public GCC trades
Islamic investors have been a safe haven for Gulf issuers in the past, and can be now
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RAM Ratings has assigned ratings to Abu Dhabi Islamic Bank’s (ADIB) planned senior and subordinated sukuk. -
Qatar National Bank has mandated international banks for a $3bn loan, its first dollar facility since 2012.
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The Turkish deposit insurance fund’s takeover of Bank Asya’s senior management positions has had only a minor impact on the rest of the country’s participation banks, analysts told IFIS. Even if the government does find a way to completely take over the troubled participation bank, a weakening currency and higher dollar interest rates are a far bigger issue for Turkey’s Islamic lenders than more state-owned competitors.
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International sukuk issuer Qatar International Islamic Bank (QIIB) has asked shareholders for permission to sell up to Qr3bn ($823m) equivalent in tier one sukuk.
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UK Export Finance (UKEF) is in the documentation stages of its first guarantee for a sukuk deal, said the agency’s head of aerospace Gordon Welsh, and plans to test the Islamic bond market with an innovative structure and longer maturities.
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Struggling South African electricity provider Eskom paid up to 40bp new issue premium to place its $1.25bn 10 year bond on Thursday. Investors responded positively to the offer, despite the ongoing problems faced by the state owned company, according to bankers.
