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GC Asia
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Flurry of Uzbek corps set to debut, diversification on horizon
Diversification has taken hold in central Asia's Uzbekistan, which over the last two years has started its pivot towards international capital markets. According to sources, a plethora of debut deals is expected to hit markets in coming months.
07 Jan 2021 -
Egypt steams on with diversification as sukuk debut approaches
Egypt, which has already entered international debt markets twice this year, is on its way to debuting in the sukuk market following cabinet approval for an Islamic financing bill. The sovereign raised its debut syndicated loan in September that included an Islamic tranche, which bankers said was a fitting prelude to a sukuk.
10 Nov 2020 -
EM bond issuers squeeze into swift closing issuance window
Three emerging market issuers in CEEMEA mandated for trades on Monday, as market insiders said issuers are scrambling to make the most of issuance opportunities before investors take their foot off the gas.
05 Oct 2020 -
Pakistan calls for banks for new bond programme
The government of Pakistan is seeking banks to offer advice on the sale of planned dollar bonds and sukuk in the international capital market.
25 Sep 2020 -
Sukuk issuance shrinks despite market efforts to diversify into sustainability
The volume of sukuk issues — bonds structured in line with Islamic financing principles — is set to decline this year, despite the market’s best attempts to diversify and become more sustainability-focused.
24 Sep 2020 -
Saudi Electricity Company goes green with sukuk
State-owned Saudi Electricity Co is set to debut in the still nascent green sukuk market, making it only a handful of issuers across the world to do so.
10 Sep 2020 -
Asia bonds round-up: Yunda, Axiata turn to dollar market
Chinese delivery company Yunda Holding Co made its debut in the dollar market on Wednesday, raising $500m.
13 Aug 2020 -
IsDB prints $1.5bn for Covid relief efforts
Islamic Development Bank closed a $1.5bn sukuk deal on Thursday that it will use to fund member countries’ work in cleaning up the aftermath of Covid-19.
19 Jun 2020 -
Sharjah breaks EM FIG silence
Sharjah Islamic Bank’s sukuk trade on Tuesday showed that emerging market bond investors are eager to buy the right FIG paper, which has been lacking from recent new issuance.
17 Jun 2020 -
Indonesia brings back green sukuk
The Republic of Indonesia rolled out its annual Islamic finance transaction on Tuesday, taking $2.5bn from a three-tranche sukuk. The sheer strength of investor interest surprised the bankers on the bond, leading to a hefty 70bp tightening and a deal that offered negative new issue premium.
17 Jun 2020
