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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Turkiye Finans has issued a five year MR800m ($249m) sukuk as the first tranche of a MR3bn sukuk programme, making it the first Turkish participation bank to borrow in the ringgit market.
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Tunisia has upgraded its local currency sukuk plans this summer and instead will begin preliminary meetings with international investors at the end of August to discuss a debut sovereign dollar deal.
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Al Hilal’s additional tier one perpetual sukuk drew big demand on Tuesday and set a template for further deals of its kind. Not everyone was convinced that the aggressive price compensated for what was essentially equity risk, but while the doubters may rue missing out this time, investors should carefully heed the warnings they have raised.
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United Arab Emirates bank Al Hilal reopened the region’s dollar tier one market this week with an aggressively priced debut $500m perpetual sukuk — the first of its kind in the market for over a year, and at one of the tightest ever yields. -
Investcorp, the Bahraini alternative investment firm, has signed a $400m four year revolving credit facility to refinance an existing debt early.
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The National Bank of Abu Dhabi has hired Gary Dugan as global private bank chief investment officer and head of investment strategy.
