Middle East Bonds
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Almarai has given guidance of 200bp over six-month Libor as it looks to issue SR1.7bn ($453m) of perpetual tier one sukuk – the first of its kind from a Gulf corporate borrower. -
The Islamic Development Bank plans to issue up to $1bn of dollar sukuk next year but has decided not to tap the dollar market again in 2013.
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The Islamic Development Bank plans to issue up to $1bn of dollar sukuk next year but has decided not to tap the dollar market again in 2013.
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The Central Bank of Bahrain has doubled its monthly issue of sukuk al-salam to BD36m ($95.7m), from last month’s BD18m.
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Turkey has seized upon improving markets to push ahead with plans to issue a second dollar benchmark sukuk. The sovereign has picked banks and lined up roadshows next week in the Middle East and Asia.
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Bahrain-based investment house Arcapita is back on the secondary market radar, having emerged from Chapter 11 bankruptcy protection this week with plans to issue a $550m perpetual sukuk.
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Bahrain-based investment house Arcapita is back on the secondary market radar, having emerged from Chapter 11 bankruptcy protection this week with plans to issue a $550m perpetual sukuk.
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Saudi Basic Industries Corporation (Sabic) has picked banks for a Reg S dollar benchmark deal and embarks on an international roadshow next week.
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Bahrain based investment house Arcapita has emerged from Chapter 11 bankruptcy protection and plans to issue a $550m perpetual sukuk.
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Bahrain based investment house Arcapita is set to emerge from Chapter 11 bankruptcy this week and has plans to issue a $550m perpetual sukuk.
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Al Hilal will hold meetings next week with investors in the Middle East, Europe and Asia as it looks to issue a debut benchmark sukuk.
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Three Egyptian banks are set to sign an Islamic financing facility for the Eastern Sugar Company worth E£1.5bn ($217m).
