Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
The bank exercised a call date a month ago and has another late this year
Sovereign bond print went ahead despite missile and drone attacks just before pricing
Books on the dollar deal opened just hours after Iran attacked the country
Israeli issuer called its previous tier two early last year
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This week saw a big surge of MENA bond and sukuk activity, with four dollar deals coming to market and two other issuers lining up roadshows. The wave breaks the recent regional lull and points to a further flurry in the coming weeks as borrowers try to seize a window before the Middle East summer kicks in.
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Egyptian marine and offshore oil services company Maridive and Oil Services has signed a $150m loan in Egypt’s first ijara Islamic financing. -
The Islamic Development Bank will target $1bn with a planned sale of five year sukuk – its largest bond deal yet.
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Dar Al Arkan’s $450m 5.75% five year sukuk has performed well in secondary markets. The paper traded up to 100.75 bid on Wednesday, having been priced below par at 99.47 the day before.
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Abu Dhabi Islamic Bank’s global head of private banking, Stuart Crocker, has reportedly left the bank.
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Saudi Arabia’s Dar Al Arkan has issued a $450m five year dollar sukuk inside guidance at a 5.75% coupon. The deal is the first tranche of a SR2.8bn ($750m) international programme.
