Business Blog

Located in Luxembourg, SEDCO Capital's GCC Equity Fund will sit alongside its 13 other funds, which span geographies and asset classes including public equity, REITs, public equity and income.

(Corrects joint lead manager to BNP Paribas in final paragraph)By Abhinav RamnarayanLONDON, Sept 30 (IFR) - The Grand Duchy of Luxembourg has recorded an order book of over 500m on a debut 200m five-year sukuk, according to a lead.The deal has launched at 2bp below mid-swaps, the tight end of initial price thoughts of mid-swaps less 0bp-2bp set on Monday.The sovereign, rated Aaa by Moody&aposs and

Luxembourg has launched its 200 million euro (USD 254 million), five-year debut sukuk issue at the tight end of initial price guidance, with the deal set to price later on Tuesday, a document from lead managers showed.

Ashley Freeman of Charles Russell discusses sharia-compliant workouts of Islamic banks.

Gulf-focused mutual funds that invest in Islamic bonds remain tiny compared to their fixed income siblings, but competition is heating up as the market widens and firms vie for a chunk of privately managed accounts.

Jeddah-based Islamic investment firm Sedco Capital has launched the first fund managed by its own in-house team, looking to bulk up its asset management capabilities, the firm said.