The large demand for the issuance
of 30 years is equivalent to 9.247 billion Riyals, close to 80 per cent of the total April issuance
While it is true that some issuers may have a natural preference for Sukuk, the difficulties of putting together the instrument mean Sukuk issuance
is often relegated to second place behind simpler forms of refinancing, especially if funding needs are acute.
Much of the 2018 market momentum took place in the first six months of the year, (https://www.carriermanagement.com/news/2018/08/30/183530.htm) with ILS issuance
totaling more than $7.3 billion, including $4 billion in the second quarter.
FACTORS INFLUENCING MARKET DEVELOPMENTS Sukuk issuances
from Kuwait, the UAE, and Turkey helped the market avoid a steeper decline last year.
In 2016, Clifford Chance advised the joint lead managers on Bank of China Limited's issuance
of $500 million green covered bonds due 2019, the first ever sale of green covered bonds from a Chinese bank.
Faisal Sarkhou, Chief Executive Officer of KAMCO said, Our role as Joint Lead Managers in successfully issuing KIPCOs senior unsecured bond issuance
reaffirms our commitment towards enhancing and supporting the local bond market.
In a statement, S&P said the move by BNM, one of the largest issuers of sukuk worldwide, to stop issuance
leaves the door open to issuers such as the International Islamic Liquidity Management Corp (IILM) and the Islamic Development Bank (IDB) to step up their issuance
and provide the industry with liquidity, thereby contributing to the development of an Islamic yield curve.
MANAMA: The bond and sukuk market had a poor start to the year in the GCC with total issuance
down by 18.7 per cent to $37.6 billion.
Taipei, July 16, 2010 (CENS)--With the NT-dollar interest rate having bottomed out, a total of NT$182.47 billion of corporate bonds is ready to be floated in the second half, which will boost the total corporate-bond issuance
this year to NT$280 billion or even NT$300 billion, according to Chang Hua-ping, president of Taiwan Ratings.
For calendar-year 2008, Ginnie Mae MBS issuances
stand at $246 billion, compared with $81.6 billion for the first 11 months of 2007.
"Ginnie Mae has consistently provided liquidity to the market and it is no surprise that our November MBS issuances
were strong," said Joseph J.
"This [public offering) was decided upon because of the popularity of the first in September," Koyama says, referring to the earlier issuance
of [yen]20 billion in bonds.