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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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.
