Middle East Bonds

Ras Al-Khaimah drew praise from bankers on and off the deal for a $1bn 10 year sukuk that it priced on Tuesday.

Teva Pharmaceutical Industries is out in the market with a dual tranche euro-denominated bond. Bankers expected the deal to be priced flat to the borrower’s dollar curve.

Emirates Airlines is planning on landing its UK Export Finance backed sukuk on Wednesday, and has set a pricing range for the groundbreaking deal.

Ras Al-Khaimah has set the final pricing range for a 10 year benchmark sukuk.

With the first US rate hike in years drawing closer, it’s no surprise to see analysts and public officials singling EM out as the source of the next credit crisis. But a well-meaning warning without nuance can look a lot like scaremongering.

Emirates Airlines is planning on landing its UK Export Finance backed sukuk on Wednesday, and has set a pricing range for the groundbreaking deal.

Aabar Investments, the investment arm of Abu Dhabi’s International Petroleum Investment Corp, is this evening bookbuilding a bond of €1.5bn to €2bn, exchangeable into shares of UniCredit.

Emirates, the airline, released initial price thoughts on Monday morning for the first sukuk ever to come with a guarantee from the UK’s Export Credit Guarantee Department.

Emirates, the airline, released initial price thoughts on Monday morning for the first sukuk ever to come with a guarantee from the UK’s Export Credit Guarantee Department.

Oman Telecommunications is the latest of the country’s firms to receive approval for a planned sukuk issue.

RAM Ratings has assigned a AA3 rating to Kuveyt Türk’s debut ringgit sukuk, and Zorlu Energy has added its name to the list of Turkish corporates considering Islamic bonds. But despite a burgeoning Turkish financial market, debt bankers are not holding out hope of corporate supply kicking off.

Bank Muscat’s shareholders have approved plans for an OR500m ($1.29bn) sukuk programme.