The International Bank for Reconstruction and Development, also known as the World Bank, has priced its RM760m Islamic debt securities. This bond issue is the World Bank’s first Islamic debt issue, and is the largest Malaysian ringgit issuance by a supranational organization to date. The bonds, structured under the Shariah principle of Bai Bithaman Ajil, will be known as the World Bank Wawasan bonds. The securities have received indicative credit ratings of AAA by Standard & Poor’s and Aaa by Moody’s Investors Service. The joint lead managers for this transaction are ABN Amro and Commerce International Merchant Bankers Berhad.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.