Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Badea to bring further supranational supply from the region after mandating for euros
Deals priced with little to no new issue premium
Books were nearly $3bn for its first trade in five years
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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. -
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.
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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.
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Malaysian telecommunications company Axiata has raised $800m from an Islamic sustainability-linked loan.
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The primary corporate bond market in Europe threw up another blistering day on Wednesday, with seven issuers on screens by mid-morning, bringing the number of deals so far this week to 18, though bond syndicate desks are hesitant to compare this crisis market with the record-breaking issuance in 2009.
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Dar Al Arkan Real Estate Development Company moved beyond the usual five year tenor it normally issues at on Wednesday, making the most of investors’ willingness to take on longer maturity paper.
