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
More articles/Ad
More articles/Ad
More articles
-
National Bank of Ras Al-Khaimah (Rakbank) sold a $500m 3.25% five year bond at 160bp over mid-swaps on Tuesday afternoon, going straight from the initial guidance of 170bp area to pricing. Order books reached $1.6bn at their close.
-
Isbank priced the longest dated senior bond from a Turkish financial in nearly 18 months on Wednesday, pushing out to seven years for its dollar market return. -
The UK’s Islamic banks have good grounds for fury at missing out on the UK sovereign sukuk mandate. But for their own sakes, they must keep faith that the deal is a dress rehearsal for something bigger, and turn up in size to buy the paper.
-
A $500m component of Indian mining firm Vedanta Resources’ $1bn fundraising has had a targeted launch into senior syndication, according to a banker.
-
Turkish participation bank Kuveyt Turk has priced a $500m five year sukuk at 340bp over mid-swaps, the tight end of refined guidance, after drawing $3.25bn of orders.
-
Turkiye Is Bankasi (Isbank) opened books on a seven year dollar benchmark on Wednesday morning, while Ziraat Bankasi will start a roadshow over a year after mandating for a debut deal in the same currency.
