is also "expected to be a reference point to price mortgage and savings products
from Saudi Arabia and Qatar down 40 per cent in 2018 v 2017, the subdued 2018 performance of the Sukuk market could have even more pronounced if it was not supported by the issuances
from the Central Bank of Kuwait, Turkey and an increase in private sector issuances
in the United Arab Emirates (UAE).
2018 ILS Issuance
Comes Close to Record, but Q4 Slowed Down: Swiss Re
in 2018 totalled at approximately $114.8 billion, with $91.4 billion in new issuances
Leading international law firm Clifford Chance has advised the Republic of Indonesia on the update of its $25 billion trust certificates (Sukuk) issuance
programme and the issuance
of a $3 billion dual tranche Sukuk (comprising five-year "green" Sukuk and 10-year Sukuk).
KAMCO, Gulf Bank and NBK Capitals joint press release highlights the senior unsecured bond issuance
, with an issuers rating of BBB- by Standard & Poors Rating Services, is the only KWD- denominated corporate bond in 2017 and the first 7 year KWD denominated corporate bond issuance
in core markets rose by 26 per cent in 2016 and broadly maintained its share of capital markets funding despite large conventional bond issues.
Sukuk market performance in the first half of this year was also aided by returning sovereign issuers (from core and noncore markets) and large, albeit sporadic, issuances
from banks and a few non-financial companies (corporates) in the Gulf states and Malaysia.
Summary: Class A: Ar$200 million senior unsecured debt issuance
The value of sovereign issuances
at $5.73bn was well ahead of the first half of 2011 which saw just $1.59bn raised on the markets.
dominated the amount raised with $18 billion representing 75.8 per cent of the market.
Most of the bond issuances
is expected to be carried out smoothly, in view of the existence of abundant idle fund on the market, as evidenced by the meager rate of 1.011% per annum for the winning bids for NT$40 billion five-year government bonds auctioned by the Central Bank of China (CBC), on behalf of the national treasury, yesterday (July 15), a level lower than market expectation.