Standard Chartered
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Dar Al Arkan Real Estate Development Company has mandated eight banks to arrange a dollar benchmark five year sukuk. -
Tata Sons is poised to end a decade-long absence from the syndicated loan market when it launches a $1.5bn transaction later this month.
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The government of the Emirate of Sharjah priced its $1bn 10 year sukuk issue with no new issue premium on Tuesday — the first deal from its new MTN programme as it moves to become a more regular issuer in the international bond markets, said Tom Koczwara, director of the debt management office.
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Abu Dhabi-based Union National Bank has distributed more than 50% of its $500m five year bond outside the Middle East, bucking the recent trend for more locally distributed bonds, according to a banker on the deal.
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Emirates Airlines has named leads for its first unsecured bond since 2013, adding the region’s first international non-financial corporate sukuk this year to what has so far been limited supply from the asset class.
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State Bank of India’s latest $750m loan is set to move into the retail phase within the next couple of weeks, according to bankers.
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China Power International Development, a subsidiary of state-owned power company State Power Investment Corp, is raising a $500m three year bullet loan.
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Tata Sons could launch a $1.5bn borrowing within the next two weeks, as the Indian firm prepares its return to the syndicated loan market after a decade.
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Union National Bank has tightened price guidance on its benchmark dollar five year bond.
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The Government of the Emirate of Sharjah has launched a $1bn 10 year sukuk — the top end of the size and maturity range outlined for the deal.
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Price talk for Senegal’s new euro bond prompted fierce debate on Tuesday morning. Based on guidance, syndicate bankers away from the deal questioned the cost of the deal compared with a dollar issue, though the strong pricing result in euros may have put the debate to rest.
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China Development Bank Financial Leasing Co (CDB Leasing) sealed an opportunistic $100m tap on Monday. But like other borrowers that came to the market on the same day, paying a new issue premium was inevitable because of a weak backdrop and heavy expected supply.
