NEWS in BRIEF
The Maldives Follows its Maiden US$200m Hybrid Sukuk in March 2021 with a US$100m Tap Issuance in April in a Further Bid to Diversify its Sources of Public Debt FundingMahe…
Saudi NDMC Issues Fourth Consecutive Monthly Domestic Sukuk with SAR11.7bn(US$3.1bn) Offering in April as Total for First Four Months 2021 Tops Record SAR30.6bn (US$8.2bn)
The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) issued its fourth consecutive monthly issuance of Riyal-denominated sovereign Sukuk with a two-tranche SAR11,713 million (US$3,123 million)…
Malaysian SWF Khazanah Nasional Returns to International US Dollar Market with a Dual-Tranche US$1bn Sukuk Issuance After Absence of Five Years
No sooner had the Government of Malaysia’s pioneering maiden US$1.3 billion Sustainability Sukuk marked the market in April 2021, the country’s sovereign wealth fund (SWF), Khazanah Nasional Berhad launched its…
Malaysia’s Securities Commission Issues Tough New Corporate Governance Measures with Immediate Effect to Boost Board Policies, Composition, Effectiveness and to Address Sustainability Risks and Opportunities
With a motley of directives relating to ESG, SDG, Climate-related, Sustainability, Diversity and Corporate Governance emanating in recent times from the various gatekeepers of international finance and regulators, the Securities…
DIB Maintains its Perpetual Sukuk Issuance with US$500m Offering in April at Lowest Ever Pricing for a GCC Bank Additional Tier 1 Instrument
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE in terms of assets and a prolific issuer of Sukuk, successfully priced its latest benchmark US$500 million Perpetual Non-Call…
Malaysia’s Return to International Market with US$1.3bn Sukuk in April 2021 Set to Boost ESG/Sustainability Issuances by Sovereigns
After an absence of over four years the Government of Malaysia (GOM) returned to the international Sukuk market on 22 April 2021 with yet another first - this time with…