News
Middle East property boom boosts Islamic bonds
The growth in real estate development across parts of the Middle East is giving rise to a number of Islamic bonds securitising these assets - and foreign investors can't get enough of them
TABX launches into rocky ABS market
Dealers started trading tranches of the ABX indices just as fears of subprime mortgage losses sent spreads reeling and caused wildly divergent pricing on the new product
iTraxx roll date poses first test for CPDOs
Market participants downplay concerns that fast money accounts may exploit the index roll by trading against CPDO managers when the series rolls on March 20
Hong Kong sees first property derivatives in Asia
Sun Hung Kai Financial (SHKF) and ABN Amro have completed Asia’s first property derivatives deal, a swap based on Hong Kong residential properties.