Qatar Islamic Bank priced a highly successful USD 750 million 5-year RegS only Sukuk offering. The Sukuk was issued at par with a profit rate of 2.754%, representing a spread of 135bps over 5-year mid-swaps. »
Maybank and CIMB expect issuance of Islamic bonds to gather pace before the Federal Reserve likely raises interest rates. Bloomberg TV Malaysia's Sophie Kamaruddin and Han Tan also review the government's latest auction of Shariah-compliant debt. »
The UK mid-market is a powerful driver of the economy. Often unfairly misrepresented, these firms make huge contributions to jobs and growth. Over the last 12 months the economic picture has continued to brighten despite flashpoints remaining. »
Islamic Banks are experienced mixed fortunes as the industry matures and consolidates whilst facing challenges competing against established conventional peers. Whilst some Islamic Banks are closing and integrating within larger parent banks, Islamic Banking assets and profits continue to show strong growth. »
Qatar Islamic Bank (QIB) , has mandated Barwa Bank, Citi, HSBC, Noor Bank, QInvest and Standard Chartered Bank as Joint Lead Managers to arrange a series of fixed income investor meetings in Asia, Middle East and Europe commencing on 16 October 2015. A benchmark USD Regulation S Senior Sukuk offering under the existing QIB Sukuk Ltd U.S.$1,500,000,000 Trust Certificate Issuance Programme may follo... »
The S&P/ASX 300 Accumulation Index recorded it worst monthly performance since October 2008, falling 7.7% in August, and wiping out previously positive CYTD returns (now -0.7%). The Market ex- resources (-7.8%) modestly underperformed Resources (-7.2%) with Banks (-11.7%) the key drag. »
There appeared to be an inclination towards safe haven sovereign credits, with names such as IDB Trust Services 19 (Aaa;Sta/NR/AAA), Saudi Electricity Global Sukuk Co 24 (A-;Sta/AA-/AA-) and Hong Kong Sukuk 2014 Ltd 19-20 (Aa1/AAA/NR)(+USD40.68m in market capitalization). »
Islamic bond issuance in Malaysia over the last three months marked its slowest quarter since 2010. Bloomberg TV Malaysia's Sophie Kamaruddin and Han Tan look at the factors that could mark a turnaround by year-end in the world's largest sukuk market. »
In what can be marked as one of the most volatile months, GCC equity markets reversed their direction and declined heavily in August. Saudi Arabia, Dubai, Oman, Abu Dhabi, Kuwait and Qatar all fell with negative returns of -17.32%, -11.60%, -10.47%, -7.04%, -6.93% and -1.88%, respectively. »
August was a challenging month for both GCC equity and fixed income markets as growing concern over slower economic growth in China, lower for longer oil prices, uncertainty surrounding the timing of a US interest rate rise and thin market conditions, resulted in a sharp spike in market volatility. »
