The Omani electricity company SPV placed the first ever corporate sukuk from the country with an elegant legal structure that helped navigate regulatory obstacles.
Dubai Aerospace Enterprise (DAE) has signed a landmark unsecured four-year dual-tranche revolving credit facility with an initial commitment of USD480mn and an accordion feature that allows the facility to be increased to up to USD800mn. The deal was one of the largest conventional/Islamic transactions in the region.
Hamid Butt, Head of Investment Banking at Noorbank sat down with Bonds & Loans at the Bonds, Loans & Sukuk 2018 conference in Dubai to talk about why sukuk is gaining mainstream acceptance from investors from outside the GCC.
Usman Ahmed, Managing Director at Emirates NBD Asset Management sat down with Bonds & Loans at the Bonds, Loans & Sukuk 2018 conference in Dubai to talk about the growth of the asset management segment in the GCC.
Martin Egan, Vice Chairman of Global Markets at BNP Paribas sat down with Bonds & Loans at the Bonds, Loans & Sukuk 2018 conference in Dubai to talk about the GCC debt capital markets pipeline, the delicate balance between oil price and regional volatility for investors, and potential replacements for LIBOR.
Malaysia is currently in the midst of significant political change, and the country’s borrowers seem optimistic about the renewed urgency around fiscal reform. We speak with Andy Leong Chain Hong, CFO of SkyWorld Development Group, a leading property developer in Malaysia, about the direction of the economy following the country’s landmark elections, and discuss the company’s pioneering Musharakah sukuk.
The Saudi real estate developer continues to be one of the most active corporates on the GCC Islamic finance markets, with its latest USD500mn sukuk pushing the total value of the company’s Shariah-compliant instruments listed on Nasdaq Dubai to USD1.85bn. Bonds & Loans speaks with Mika Toivola, Chief Financial Officer, Finance Group, Dar Al-Arkan, about the latest trends in the sector and the company’s funding plans.
Participants at an exclusive Sovereign Sukuk Roundtable hosted by Bonds & Loans and Emirates NBD Capital were upbeat about the benefits sukuk bring for both borrowers and investors, but concerns around thin liquidity, a lack of standards, and regulatory uncertainty have prompted difficult questions about the outlook for the asset class.
With demand for sukuk rising steadily in recent years, Bonds & Loans speaks with Dato’ Mohamed Rafique Merican, Group Head and Islamic Banking CEO at Maybank Islamic Berhad, about the risks and opportunities in the market, green sukuk, and the growing involvement of Asian investors in MENA debt markets.
Indonesia navigated a challenging and volatile market to place a USD3bn dual-tranche green sukuk, which will go towards supporting the country’s efforts to combat climate change.
- GCC Corporates Adapt to New Normal – but Hopes for Bond Market Revolution Could be Dashed
- CASE STUDY: Albaraka Turk Makes History with Turkey’s First Additional Tier 1 Deal
- Interview with TDB Treasurer: First Islamic bond deal as part of diversification strategy
- Bonds & Loans Turkey Awards: Winners in 2018
- Standardisation and Harmonisation Will Propel the Sukuk Market Forward
18 Oct 2018