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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Al Baraka Banking Group has hired Mohammed Abdullah El-Qaq as head of its commercial banking department. -
Bahrain Islamic Bank (BisB) has appointed Mohammed Ahmed Hassan to replace Mohammed Ebrahim Mohammed as the bank’s chief executive.
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Emaar Properties launched a long expected IPO of its mall unit on Monday, making it the first company to jump into what is expected to be a very busy autumn new issue market.
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The emirate of Sharjah will be ready to launch its debut sukuk next week after starting investor meetings on Wednesday. A Middle East market awash with liquidity will welcome the deal with open arms, but the issuer is still likely to offer a concession relative to the main comparable Ras Al-Khaimah, said one investor.
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Emirates NBD has announced a roadshow for a perpetual tier one bond. But the bond will not be structured with the aim of being Basel III complaint, which sparked debate among bankers on and off the deal.
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Abu Dhabi Islamic Bank (ADIB) concluded its purchase of Barclays’ UAE retail banking business on Monday. The acquisition’s impact on ADIB’s tier one ratio will be modest and helps increase the bank’s already strong footprint in consumer finance, although its margins in that market are surprisingly low, said one analyst.
