Mohieddine Kronfol (Franklin Templeton Investments), Abdul Kadir Hussain (Arqaam Capital), Andrea Vigo (EQUATE), Jan Friederich (Fitch Ratings), and Farouk Soussa (Goldman Sachs) debate whether GCC bonds and sukuk prices reflect underlying risk
8 Jul 2020
The asset class had a record-breaking year in 2019 and remains resilient as investors seek safer waters during a highly volatile period, experts at Moody’s and RAM ratings conclude.
2 Apr 2020
The US Fed’s recent decision to cut interest rates by a further 50bp is placing additional pressure on the margins of Saudi Arabia’s banks, according to a recent report from Fitch Ratings. Following the lead of the Fed, the Saudi Arabian Monetary Authority (SAMA) cut its repo rate on Monday by 50bp, bringing rates in the Kingdom to an all time low of 1%. But the Kingdom’s banks will feel the…
20 Mar 2020
Alhokair Group secured a USD800mn funding package this week from a handful of domestic and regional lenders in a bid to consolidate its debt, the company said.
5 Mar 2020
Bonds & Loans examines the strengths, weaknesses, opportunities and threats across the GCC projects and infrastructure space on the back of the latest Project, ECA & Structured Finance Saudi Arabia conference.
3 Mar 2020
CFOs and Treasurers from across the region are looking at ways to diversify their funding base and reduce their dependence on the region’s deep-pocketed lenders, with the debt capital markets – which has grown leaps and bounds over the past decade – looking increasingly likely to be the dominant means of doing so. But how to shift internal cultures around disclosure, engage new investors, and…
20 Feb 2020
New guidelines released by The Bangko Sentral ng Pilipinas (BSP) could pave the way for new sukuk issuance in one of ASEAN’s fastest growing economies.
22 Jan 2020
A slew of GCC borrowers have moved to sell bonds and sukuk to global investors a further sign that regional borrowers and capital holders remain unperturbed by any perceived escalation in geopolitical risk.
17 Jan 2020
The Islamic finance industry is set to grow at a rate of around 5% in 2020, due to weak conditions in economic conditions in the industry’s core markets, according to S&P Global’s ‘Islamic Finance Outlook 2020’. The report also notes three drivers - the rise of FinTech, ESG sukuk, and standardisation - could fuel the industry.
15 Jan 2020
Specialized Islamic real estate financier Amlak Finance PJSC has said it managed to agree credit restructuring terms with about 95% of its existing creditors, putting it within touching distance of finalising its second restructuring in five years.
9 Jan 2020
EM benefited greatly from the improvement in US-China trade relations and quite possibly Brexit. The dollar is likely to remain under some pressure near-term as a result. Yet we must caution investors against getting too optimistic. The details of the partial trade deal still need to be worked out, while existing tariffs will still remain in place if the deal is signed next month as most expect.…
14 Oct 2019
Bonds & Loans examines the strengths, weaknesses, opportunities and threats across Africa following a research trip to the region.
10 Oct 2019