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Most recent/Bond comments/Ad
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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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Saudi Arabia’s National Commercial Bank closed on Sunday the offer period for the sale of 300m of its shares, having attracted huge demand from its local market by offering a big discount. -
DIFC Investments opened books for a 10 year benchmark sukuk issue on Monday morning, with pricing scheduled for later this week. Investors predicted the deal would be priced slightly inside the curve of Jebel Ali Free Zone Authority. But the DIFCI leads have already boldly set the starting spread inside Jafza's sukuk curve.
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Bahrain’s sovereign wealth fund Mumtalakat has picked banks for a sukuk sale. The borrower has set up a new programme allowing conventional and Islamic issuance, and will use the proceeds to repay upcoming maturities.
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Bank Muscat is planning the first sukuk ever from an Omani lender, and will issue more than one deal next year, an official at the bank told IFIS.
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Low cost Malaysia airline AirAsia is setting up a mudaraba sukuk programme and plans to launch a subordinated perpetual deal.
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Israel Electric has mandated Barclays and Citi to arrange a dollar bond. Investor meetings are taking place in Europe and the US on Monday and Tuesday.
