Tagged: Euroweek

Head of steam for Mid East bonds and sukuk

Head of steam for Mid East bonds and sukuk

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 t…

Dar Al Arkan $450m sukuk shakes off market blues

Dar Al Arkan $450m sukuk shakes off market blues

Dar Al Arkan’s $450m 5.75% five year sukuk bucked the recent trend by performing well in the secondary market after pricing on Tuesday. The paper traded up to 100.75 bid on Wednesday, having been priced at 99.47. And despite the general market sell-off…

Bank Asya poised to sign Islamic loan

Bank Asya poised to sign Islamic loan

Turkey’s Bank Asya is set to complete the general syndication stage of its Shariah-compliant loan imminently.

Source: 

http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHZPnrCAKfZUUG7GuM_t5……

SIB squeezes buyside with tight sukuk

SIB squeezes buyside with tight sukuk

Investors labelled a $500m sukuk from Sharjah Islamic Bank this week as exceptionally tight, but the deal nonetheless drew $3.2bn of orders on Tuesday. The sukuk priced inside the initial guidance range, ending up with a profit rate of 2.95% after the …

Dewa gives low 3% profit guidance for sukuk

Dewa gives low 3% profit guidance for sukuk

Dubai Electricity & Water Authority has given initial profit guidance of low 3% on its prospective five year benchmark sukuk. The dollar denominated ijara (asset leasing) deal, which could be as large as $1bn, is set to be priced this week.

Bank Asya revives $300m sukuk plans

Bank Asya revives $300m sukuk plans

For the second time, the Turkish Bank Asya will try to issue a debut dollar-denominated sukuk worth up to $300m. The issuance is planned for the first quarter of 2013. The sukuk is expected to bring up to TL150m ($57m) of lira denominated paper.

IILM plans early 2013 sukuk debut

IILM plans early 2013 sukuk debut

The International Islamic Liquidity Management Corp (IILM) intends to issue its first sukuk at the beginning of 2013. A board meeting next week has been scheduled by the company. Plans concerning the issuance will be discussed there an length.

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