DUBAI, May 27 (Reuters) - Following are major Islamic bond issues in the global pipeline.
The Thomson Reuters Global Sukuk Index is at 118.48549 points, down from 118.50812 at the end of last month but up from 115.79726 at the end of last year. The Thomson Reuters Investment Grade Sukuk Index is at 117.40807 against 117.54139 at end-April and 113.69014 at end-2014.
ADIRA DINAMIKA - Indonesian leasing company Adira Dinamika Multi Finance is expected to launch a dual-tranche bond at end-May, bankers said. It aims to sell bonds worth 2.5 trillion rupiah ($190 million), split into a 2 trillion rupiah conventional portion and a 500 billion rupiah sukuk portion.
OMAN - Oman plans to sell its first sovereign Islamic bond, an issue of 200 million rials ($520 million) of sukuk, through a private placement and will launch subscriptions soon, an Omani official was quoted as saying in mid-May by the Times of Oman.
AEON CREDIT - Malaysia's Aeon Credit Service said in mid-May it planned to raise 1 billion ringgit ($276.6 million) via sukuk murabaha for working capital, repayment of debt and financing for customers.
SABB - Saudi British Bank plans a riyal-denominated sukuk issue that will boost its capital reserves, sources aware of the matter told Reuters in early May, with an announcement set to be made as soon as within days.
NAJRAN CEMENT - Saudi Arabia's Najran Cement planned to meet fixed income investors starting on May 10 for a riyal-denominated sukuk issue, it said.
BAHRI - National Shipping Company of Saudi Arabia (Bahri) plans to make a debut sukuk issue worth up to 3.9 billion riyals ($1.04 billion) this quarter, vice chief executive for finance Mohammad Alotaibi told Reuters in early May.
EGYPT - Egyptian Finance Minister Hany Kadry Dimian said at the end of April that he hoped to issue ijara-structured sukuk, the country's first sovereign sukuk issue, at the beginning of the 2015/2016 fiscal year starting in July.
KUVEYT TURK - Kuveyt Turk, Kuwait Finance House's Turkish unit, said in late April it had applied to the Capital Markets Board for permission to issue up to 1 billion lira ($376 million) of sukuk.
IVORY COAST - Ivory Coast will sell its debut sukuk in the next two to three months, and is assessing whether to make sukuk issues a regular part of fund raising, its minister for economy and finance said in late April.
CIMB - CIMB Group Holdings, Malaysia's second largest bank by assets, plans to establish a new 6 billion ringgit conventional and Islamic bond programme, a regulatory filing by RAM Ratings said in late April. A CIMB official confirmed the details.
TELEKOM MALAYSIA - Telekom Malaysia set up in late April a $750 million, multi-currency sukuk programme that may see the state-owned company return to global markets after a long absence.
KHAZANAH NASIONAL - Malaysia's Khazanah Nasional plans the first tranche of a 1 billion ringgit sukuk issue, billed as the country's first socially responsible sukuk, as early as May, the sovereign wealth fund's managing director said in late April.
KUALA LUMPUR KEPONG - Malaysian plantation company Kuala Lumpur Kepong will raise up to 1.6 billion ringgit from Islamic bonds, rating agency RAM Ratings said in mid-April.
BNI SYARIAH - PT Bank BNI Syariah, the Islamic subsidiary of state lender PT Bank Negara Indonesia, plans to issue sukuk mudaraba with a three-year tenor worth up to 750 billion rupiah in an offer on May 18 and 19, the Jakarta Post quoted CEO Dinno Indiano as saying in mid-April.
JORDAN - Jordan chose the Islamic Corporation for the Development of the Private Sector to support its debut sovereign issue of sukuk, the ICD said in mid-April; the dinar-denominated issue is expected this year and would be used to absorb excess liquidity held by Jordan's Islamic banks, which is estimated to total 1.4 billion dinars ($2 billion).
AXIS REIT - Malaysia's Axis REIT said in early April that it had expanded its sukuk programme to 3.0 billion ringgit from 300 million ringgit, and extended the length to perpetual from 15 years.
TALIWORKS - Malaysia's Taliworks Corp announced in early April that the Securities Commission had authorised its proposed issuance of 210 million ringgit worth of sukuk murabaha, Bernama news agency reported.
KAZAKHSTAN - Kazakhstan's Finance Ministry is expected soon to propose a draft law allowing its first sovereign sukuk issue, which will probably take place early next year, Yerlan Baidaulet, an adviser to the Investments and Development Ministry, told Reuters in early April.
SENEGAL - Senegalese President Macky Sall said in early April that he had asked the Islamic Development Bank to help his country conduct a second sovereign sukuk issue. He gave no details.
OMANTEL - Oman Telecommunications
For more Reuters Islamic finance stories, type in ISLF, enter > For more Reuters sukuk stories, type in SUK, enter > For all Reuters content on Islamic finance, click on > For a diary of Islamic finance events, click on > For a glossary of Islamic finance terms, click on (Compiled by Andrew Torchia)