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
More articles/Ad
More articles/Ad
More articles
-
Dubai Electricity & Water Authority powered back into the sukuk market this week, pricing a $1bn five year benchmark deal inside the Dubai sovereign curve and achieving in excess of $5.5bn of orders.
-
Emirates Airlines has used a securitisation-type structure to sell $187m of bonds to refinance a loan used to buy a new Airbus aircraft last year. The bonds are the first ever to be backed by French export credit agency Coface.
-
The sukuk market is rumbling back into life, with Dubai Electricity & Water Authority having mandated banks as it eyes up to $1bn of sukuk this month. Several other issuers are also lining up deals, meaning the Islamic market’s frozen pipeline could soon thaw.
-
Dewa is not the only borrower eyeing a return to the sukuk market (see Dewa story). Qatar International Islamic Bank wants to set up a $2bn sukuk programme and has asked its general assembly to approve the plans. The recommendation comes ahead of QIIB’s annual general meeting, which will is due to be held on March 10 in Doha.
-
JP Morgan plans to make a bigger push in Islamic finance — including sukuk arranging — and has appointed Hussein Hassan to a newly created role as global head of its Islamic finance practice.
-
Middle East bond issuance came roaring back this week, as the Dubai government and Qatar Telecom broke new ground for the region with long dated, dual tranche deals. The two borrowers aggressively priced a total of $2.25bn of paper, catapulting their curves forward with 30 year offerings — something very seldom seen in the region, writes Dan Alderson.