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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Mubadala GE Capital has mandated Barclays and Citi as global co-ordinators and joint lead managers and First Gulf Bank, HSBC, Natixis as joint lead managers for a dollar benchmark 144A bond.
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Bahraini financial institution Bahrain Commercial Facilities Co has made a rare visit to the MTN market.
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Falah Capital, the only Islamic exchange traded fund (ETF) listed on the New York Stock Exchange, has outperformed broader US market indices in its first week weeks, the company’s chief executive told IFIS. The dearth of passively managed Islamic funds in the US stands in stark contrast to growing appetite for such products, and Falah Capital’s CEO is hoping to watch the fund grow in size several times by the end of the year. -
Australian company Manassen Foods, which is partly owned by China’s Bright Food, has completed a $285m refinancing with a club of seven banks.
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Bright Food’s $800m club loan for its purchase Tnuva has been delayed as there is a reassessment of the valuation of the Israeli company after it reported a year on year decline in revenue for the second half of 2014.
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Advanced Petrochemical Co starts investor meetings on Sunday ahead of its first sukuk, and has mandated HSBC Saudi Arabia and Riyad Capital to manage the transaction. But the deal is unlikely to be large enough to help bolster Saudi sukuk supply, which has dropped off sharply after strong issuance in the previous two years.
