Middle East Bonds
-
Books for Kuwait Projects Company $500m five year bond are at $3bn, breaking the tension in CEEMEA with a clear demonstration that investors are still willing to buy some paper after the emerging market sell off early this week.
-
Emerging market bond bankers have been unnerved by the sell-off in their asset class this week. But as trading stabilised on Tuesday and interest rate hikes in Turkey and India calmed local currency selling, a new issue emerged from Latin America and bankers hope others in CEEMEA may not be far behind.
-
QInvest has staked its credentials as a potential arranger of Oman’s first sovereign sukuk, after pledging to support local Omani borrowers with advisory and other solutions. -
Abu Dhabi Islamic Bank (ADIB) has signed Dh450m ($122.5m) Islamic financing facility with Al Dhafra Cooperative Society, a private equity firm that serves local communities in western Abu Dhabi.
-
Saudi Electricity Co (SEC) returned to the sukuk market earlier than expected on Saturday, printing Sr4.5bn ($1.2bn) with its first floating rate Islamic deal.
-
-
The International Islamic Liquidity Management Corporation (IILM) this week expanded its short term dollar sukuk programme with an $860m three month issue.
-
The International Islamic Liquidity Management Corporation (IILM) this week expanded its short term dollar sukuk programme with an $860m three month issue.
-
Egypt Electricity Holding Co (EEHC) is set to sign two dollar financing agreements with two multilateral organisations totalling $783m to build and develop power stations.
-
Libya will consider issuing a debut international sukuk as it seeks alternative funding sources to meet its budget and pay for food imports.
-
The International Islamic Liquidity Management Corporation (IILM) has expanded its short term dollar sukuk programme with an $860m three month issue.
-
The Middle East bond market is hoping for a grand re-opening in the next week or so with several candidates lining up the first issuance of 2014 amid strong market conditions.
