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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Israeli Delek & Avner’s $2bn five tranche bond has tightened since pricing on Thursday evening — a further 20bp on the longer tranches and 26bp on the shorter.
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Israeli Delek & Avner launched the largest non-sovereign CEEMEA bond of the year so far on Thursday — a $2bn deal printed across five tranches from demand of over $14bn. Among the CEEMEA region’s sovereigns, only Poland, Slovakia and Romania have priced deals as large or larger in 2014. -
Investors have hailed the Investment Corporation of Dubai’s decision to issue a dollar sukuk as a sign that the emirate is genuine about its push to become the centre of the Islamic economy. ICD began roadshows on Thursday in Singapore as it lines up a dollar debut.
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GlobalCapital's exclusive article last week on the United Arab Emirates’ shortfall in bankruptcy rules (“UAE urged to act on Basel III bankruptcy baffler”) has highlighted a Basel III compliance problem that is holding back the whole Gulf region, say bankers. But while the UAE has so far been lax in its response, it should take the lead and spur its neighbours to follow suit.
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Albaraka Turk has picked arrangers as it aims to follow participation bank peer Turkiye Finans’s recent return to the dollar sukuk market. But one investor warned that Albaraka may find its deal more challenging.
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Albaraka Turk has picked arrangers as it aims to follow participation bank peer Turkiye Finans’s recent return to the dollar sukuk market. But one investor warned that Albaraka may find its deal more challenging.
