Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
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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Commercial Bank of Qatar on Tuesday priced its first dollar deal in more than two years, flat to its existing curve, after attracting more than $3bn of demand.
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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.
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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.
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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.
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A $500m component of Indian mining firm Vedanta Resources’ $1bn fundraising has had a targeted launch into senior syndication, according to a banker.
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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.