Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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Deal the first Kuwaiti Sharia-compliant transaction closed with Chinese banks
Tight spreads may tempt issuers even if all-in yields are higher than earlier in 2026
Only one Gulf issuer has printed a blue bond in the public market
Some say UAE central bank liquidity has prompted banks to retrench
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Rising sukuk redemptions should be drawing issuers to market to take advantage of high liquidity still low spreads before they disappear, said debt bankers. Sukuk redemptions will hit record highs this year and again in 2016, according to Dealogic data. Debt bankers are optimistic they can convince borrowers to take advantage of a closing low yield window, and would much prefer to see corporates take the lead. -
The Central Bank of Bahrain has sold BD20m ($53m) of short-term sukuk al ijara with a higher subscription than last month’s issue.
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Gulf Finance House is planning to end a seven year sukuk absence with a $200m transaction which should pique the interest of high yield accounts and hedge funds, said one investor in London.
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Emirates Airlines has signed a $425m Shariah-compliant financing facility with three local banks to help it buy new aircrafts.
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Using ijara sukuk and a highly reputed Shariah scholar can push up a sukuk issuers’ share price, according to a paper published by the International Monetary Fund paper published on Monday. Despite the high price commanded by top scholars, the study indicates that the premium issuers pay for their reputation is worthwhile. And despite the popularity of musharaka and mudaraba structures, equity investors are far happier to see a company issue ijara.
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United Arab Emirates corporate Emirates District Cooling (Emicool) has signed a 12 year $245m Shariah-compliant refinancing facility with Dubai Islamic Bank, adding to the swathe of UAE corporates that have been choosing to refinance deals early because of the favourable funding conditions on offer.
