IsDB issues landmark US$2.5bn sustainable Sukuk

The Islamic Development Bank’s largest sustainable Sukuk issuance and its largest every US dollar denominated funding ignites the Islamic finance market across the GCC region where a shift towards Shariah-compliant instruments is accelerating.

Debt hungry sovereign faces rocky road ahead

The Romanian sovereign has hit international bond markets three times this year to raise more than €12bn-equivalent, and there has been renewed M&A interest from international companies looking at the country’s corporate sector. However, analysts are still warning that it will take until at least 2022 for GDP to return to pre coronavirus pandemic levels.