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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Saudi Arabian cement company Najaran has signed a Sr150m ($40m) Islamic financing facility with Banque Saudi Fransi to finance its waste heat recovery project.
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The Central Bank of Bahrain sold its BD36m ($96m) of short term salam sukuk at a new tight print of 0.75%, but with few orders than for its previous issue.
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The Dubai government priced $750m inside guidance late on Tuesday as it returned to the dollar sukuk market for the first time since January last year with a drive-by 15 year benchmark — its longest tenor offering in the asset class to date.
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Frontier markets investment boutique Exotix has lost two senior officials from its Dubai office.
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The International Islamic Financial Market (IIFM) has organised an industry consultative meeting in Dubai to discuss how the sukuk market can create new standards for structuring and documentation.
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As if international sukuk were not already rare enough with only six dollar issuers so far in 2014, this week brought an even more unusual sighting — a deal that didn’t have an outrageously oversubscribed order book. Turkiye Finans can thank Damac Real Estate Development’s aggressive handling of investors for that, and so may the rest of the sukuk market.
