IslamicFinance.de

GBSA says results underline need for issuers to communicate with bond and Sukuk investors; that a majority of investors have become more demanding over the past two years and an overwhelming majority feels that good IR can lead to more aggressive pricing of new issues. Fewer indicated that they had had contact with IR staff and most consider the information provided by issuers to be insufficient.
The Gulf Bond and Sukuk Association (GBSA) said it has concluded a survey of Gulf-based issuers and investors on bond and Sukuk investor relations (IR).
Among the key findings, it turns out that a majority of investors have become more demanding over the past two years and an overwhelming majority feels that good IR can lead to more aggressive pricing of new issues. Fewer indicated that they had had contact with IR staff and most consider the information provided by issuers to be insufficient. Most had met issuers on roadshows, but a number were not satisfied with the quality and quantity of information provided.
Detailed results will be shared with survey participants and GBSA members. The survey is the first step in a process leading to publication of debt investor relations best practices that will set the standard for regional companies. GBSA, along with the Middle East Investor Relations Society, will gather leaders in debt investor relations along with regulators and corporate governance experts to analyse the survey results in detail and author the best practices.