Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Volume dips only slightly despite there being a third fewer transactions
◆ Europe's corporate bond market braces for US tech issuance surge ◆ Canada makes move for EU regs equivalence but to what end? ◆ Middle East private placements here to stay... but will take up less room
Private placements may have hung around much longer than first expected but their dominance may be at an end
Sukuk volumes much slimmer this year
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Saudi-listed firm National Petrochemical Co (Petrochem) has signed a $600m two year Islamic financing deal with Riyad Bank.
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The Islamic Development Bank has priced a $1bn five year sukuk at just 30bp over mid-swaps, having tightened guidance from Tuesday’s high 30bp area. IsDB will pay a 1.535% profit rate on the notes.
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Two UAE-based Islamic banks have reaffirmed their support for small and medium enterprises.
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The Islamic Development Bank has given guidance of high 30 basis points over mid-swaps for its five year benchmark sukuk. Leads built books to over $1bn on Tuesday and these are likely to go subject mid-morning London time on Wednesday, with pricing to follow.
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Law firm Addleshaw Goddard has opened an office in Qatar, adding to the two other bases it has established in the GCC in the past nine months.
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Financial exchange Nasdaq Dubai is preparing to open a platform on which investors can trade sukuk and conventional bonds.