For Alphas seeking Alpha....
Below you'll find summaries of Shariah compliant ideas we're hunting at the moment. Remember, if you like the underlying sector, geography, or sponsor(s) of these transactions but find a mismatch to your mandate, be it issue size, profit rate, duration, structure, or a need for conventional securities rather than Shariah compliant, please howl out as the counterparties are commercially minded and bespoke offerings or direct participation is often possible for institutional tickets (~US$10M+). Alternatively, we may be tracking something unannounced and better suited to your pack. (E): howl@wolvenheim.com
Sukuk (Wakala Bil Istithmar): Diversified Conglomerate, Bangladesh
US$250M @ US$9.00%p.a. Maturing in 6 Years
Listed (Frankfurt), Senior Secured, English Law, Freely Transferable (CREST). Privately held Bangladeshi diversified conglomerate raising capital via Bangladesh’s first corporate Sukuk for the repayment of existing conventional long term debt, capacity expansion and growth projects.