Islamic Finance
Interview with Jonathan Segal, Executive Director, Head of Capital Markets MEA, MUFG
Bonds & Loans interviewed Jonathan Segal, Executive Director, Head of Capital Markets – Middle East and Africa at MUFG to discuss whether additional sovereign supply will put a damper on liquidity available to corporates.
12 Jun 2017
Middle East Credit Markets Brief: May 25 - June 8
GCC states break diplomatic and economic ties with Qatar – Syndicated loans in GCC at 4-year low – Saudi Aramco issues SAR285mn sukuk – NCB issues SAR1.3bn sukuk – ADWEA closes US$872mn funding package – Dana Gas prepares US$700mn sukuk – Qatar Airways secures US$300mn in mezzanine debt – Al Baraka issues maiden US$400mn sukuk – KNPC signs US$6.25bn international loan – Foreign investment in…
8 Jun 2017
Africa Credit Markets Brief
AfDB calls for investment across Africa to close annual US$162bn funding gap – Kenya borrows US$1bn via syndicated loan – Nigeria raises mere NGN100bn in bond sale – Nigeria looking to secure US$5.2bn World Back funding package – Zimbabwe warns South Africa over proposed land reform – Russia’s Rosatom committed to nuclear plant project in South Africa – Senegal issues Eurobond – Saudi Aramco…
17 May 2017
Interview: Combining Conventional and Islamic Finance Techniques in One Seamless Structure
Unlike borrowers in other parts of the world, those based in the GCC region have flexibility in being able to access funding from both conventional and Islamic bank. But co-financings involving conventional and Islamic banks raise structural issues which need to be overcome in a way which is going to be acceptable to both sets of banks.
16 May 2017
Middle East Credit Markets Brief
Saudi Arabia loses market share in the oil sector – Saudi Electricity Co. in talks over sukuk – ACWA makes landmark 22-year trade – Etihad bonds drop on Alitalia news – UAE bankruptcy laws to improve operating environment – Dana Gas in debt restructuring talks – ADCB plans new issue – QNB hits the market, plans to make inroads in KSA – Bahrain feels FX strain – Oman in US$3.6bn loan talks – OETC…
12 May 2017
Why Islamic Finance Could Lose Ground in Fintech Footrace
Whether you call it Fintech, Insure-tech or Takaful-tech, Fintech has become a buzzword in the Islamic finance industry. Though not a sudden development, the evolution of Fintech in the industry has evolved rather rapidly.
10 May 2017
CASE STUDY: Saudi Sets Islamic Finance Benchmark with Record US$9bn Sukuk
After wowing the markets with its landmark US$17.5bn sovereign bond, the KSA repeated the trick on the Islamic finance side, issuing the largest sukuk in history and pricing effectively flat to the conventional sovereign curve.
3 May 2017
CASE STUDY: Etihad Lands Largest Sukuk Debut in MENA Aviation History
UAE-based airline Etihad Airways tapped the Islamic finance market with the largest ever sukuk issuance in the MENA region’s aviation history to date, an impressive debut.
2 May 2017
CASE STUDY: Yinson Debuts Largest Murabaha FPSO Financing in Africa to Date
Yinson Holdings Bhd’s wholly-owned subsidiary, Yinson Production (West Africa) Pte Ltd successfully converted conventional debt into a sharia-compliant format through the company’s maiden Islamic transaction, the proceeds of which were used to finance the conversion of existing facilities into a floating production, storage and offloading unit (FPSO).
18 Apr 2017
CASE STUDY: KNPC Scores Largest Dual-Tranche Syndicate Loan in Kuwait to Date
The deal was the largest ever syndicated Kuwaiti Dinar financing in the country. NBK acted as Coordinator, Initial Mandated Lead Arranger and Global Facility Agent for the KWD710mn KNPC Conventional Facility and KWD490mn Murabaha Islamic Facility for the Clean Fuels Project.
30 Mar 2017