IslamicFinance.de

The upturn in the global Sukuk market that has been forseen for the past few years doesn't seem to happen – but for all the wrong reasons. Nowadays corporates and banks are issuing because they need the money.
Citi, Emirates NBD Capital, HSBC, NBAD, RBS and Standard Chartered have all been secured in to advise on the five-year Reg S, dollar-denominated transaction, which could be priced at 350bps over midprice swaps. Fitch has given an A+ anticipated rating and Moody’s has given an A3 with negative outlook.
Bank Muamalat Indonesia is also planning to launch $140m worth of Sukuk in the first half of 2012 with both an Indonesian rupiah subordinated Sukuk and a $50m dollar-denominated senior tranche.

Emirates Islamic Bank has agreed upon an initial price whisper in the area of 350 basis points over midswaps for its five-year sukuk.
The potential sharia-compliant transaction is being launched by Emirates Islamic Bank but is backed by its parent company ENBD.
Lead managers on the EIB deal are the following banks: National Bank of Abu Dhabi, HSBC, Standard Chartered, Citi, RBS and ENBD Capital.

National Bank of Abu Dhabi, HSBC, Standard Chartered, Citi, RBS and ENBD Capital were chosen by Emirates Islamic Bank (EIB) for a potential benchmark-sized dollar sukuk. EIB will began the investor meetings in Malaysia on January 5.

John Irish and Jason Benham reported on Reuters on 20 January about the financing needs of Emaar Properties, Dubai both conventional euro medium term note and Islamic. The notes would be listed on the London Stock Exchange, with HSBC and Royal Bank of Scotland acting as lead arrangers..