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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United Arab Emirates bank Al Hilal’s tier one perpetual sukuk has rallied in secondary trading despite having set a price on Tuesday that was one of the tightest ever for a deal of its kind and too aggressive for some investors.
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Sberbank has signalled a reopening if not a renaissance for the Russian Eurobond market with a €1bn debut deal. Gazprombank is next in line and VTB has its eyes on a September sale. The restart in Russian issuance comes as inaugural and long-lost issuers from across CEEMEA move to take advantage of a superb market backdrop.
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Saudi Arabian fashion retailer AlHokair has printed SR500m ($133.3m) in its debut sukuk issue, building on the kingdom’s busiest six period month period ever.
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Dubai Islamic Bank plans to expand into various new markets including servicing non-Islamic clients, according to its chief executive officer Adnan Chilwan.
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United Arab Emirates bank Al Hilal’s tier one perpetual sukuk has rallied in secondary trading despite having set a price on Tuesday that was one of the tightest ever for a deal of its kind and too aggressive for some investors.
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Albaraka Turk’s $350m sukuk held its own in early trading on Tuesday at par to one eighth over, despite needing two days to get $750m orders together for the deal.