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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The Central Bank of Bahrain has issued BD36m ($93.7m) of three month sukuk al-salam, with the sale oversubscribed by 325%.
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Despite Egypt’s rejection of political Islam last year, Islamic banking in the country is set to accelerate, say bankers. Seizing the opportunity to help those most affected by Egypt’s struggling economy will bring a doubling of Islamic banking assets over the next two years, they predict.
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The likelihood of Western companies issuing sukuk this year is growing, say bankers, as Islamic investors’ perceptions of Western issuers improves, more conventional asset managers allocate to sukuk, and European sovereigns prepare to issue door-opening deals.
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The likelihood of Western companies issuing sukuk this year is growing, say bankers, as Islamic investors’ perceptions of Western issuers improves, more conventional asset managers allocate to sukuk, and European sovereigns prepare to issue door-opening deals.
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Gulf Marine Services, the Abu Dhabi offshore service vessel operator, hopes to tap into investors’ interest in its potential for growth to raise $100m of primary proceeds through a London IPO.
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In 2014, emerging market bankers will be chasing after bigger mandates, but fewer of them if this year’s numbers are anything to go by. The average size of an emerging market bond in the first weeks of this year has leapt skywards compared to previous years while the number of deals priced has plummeted, according to Dealogic data. But DCM officials say they see little real change in the way deals are pitched or sold as a result of that new strategy.