Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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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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Türk Telekom is taking its credit story on the road head of a debut Eurobond having picked banks for its inaugural issuer last year.
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Jordan will look to issue both local and foreign currency sukuk early next year, with ministry and central bank officials meeting over the next two to three weeks to discuss the debut plans.
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While sukuk issuance so far in 2014 has lagged last year and 2012 (the busiest for that asset class yet), Emaar Mall’s recent $1.5bn financing has taken Islamic loans into post-crisis record territory, according to the IFIS Loans Database.
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PineBridge Investments' Middle East arm has raised $140m for its PineBridge GCC Real Estate Fund, the first of several Shariah compliant funds the asset manager is targeting.
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Turkey has endured a year of turmoil since the Gezi Park protests and a prolonged emerging market sell-off derailed its economic boom. But even as protesters and police mark the anniversary with another splash of teargas, Halkbank’s result last week shows Turkey’s banks have a prime opportunity to return to the bond market and underscore the country’s strong recovery. Banks thinking of waiting for the third quarter might do well to come now.
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Saudi Arabia’s National Petrochemical Co (Petrochem) plans to issue sukuk for the first time. It has asked Deutsche Bank’s Saudi arm Deutsche Securities and Riyad Capital to organise meetings with potential local investors.