Middle East Bonds
-
-
The State of Qatar has lined up roadshows in Asia next week as it looks to issue a debut international sukuk.
-
Emirates Islamic Bank on Wednesday underscored the rapidly increasing demand for sukuk as its second $500m benchmark of the year generated a $5bn order book from 250 orders — a big jump from the $1.5bn from 106 accounts seen on the previous deal.
-
-
24.06.2012, Jeddah, KSA - The world’s main rating agencies, Standard & Poor's, Fitch Ratings and Moody’s, have all recently reaffirmed their highest issuer rating “AAA” to the IDB’s enlarged US$ 6.5 billion Trust Certificate Issuance “Sukuk” Program and the US$ 800 million issuance in June 2012, thereunder.
-
24 June 2012: Islamic Development Bank (“IDB”) announced that Standard & Poor's, Fitch Ratings and Moody’s have all reaffirmed recently their highest issuer rating “AAA” to the IDB’s enlarged US$ 6.5 billion Trust Certificate Issuance “Sukuk” Program and the US$ 800 million issuance in June 2012 thereunder.
-
Source: BNE Media Ltd. Clare Nuttall in Almaty June 21, 2012 The Development Bank of Kazakhstan is in the final stages of preparing to issue the countrys first sukuk, or Islamic bond. The quasi-sovereign issue by the state development bank is expected to set a benchmark for Kazakh sukuk, opening the way for corporate Islamic bonds to be placed in future.
-
Manama, Bahrain –19th June 2012 – The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been oversubscribed by 125%.
-
Clifford Chance advised DIFC Investments LLC (DIFCI) in securing a USD 1.035 billion Islamic syndicated facility to contribute towards financing in full the repayment of its USD 1.25 billion Sukuk maturing 13th June 2012. This is a landmark transaction in the history of the DIFC which further evidences the commitment of Dubai to meet its obligations in a timely manner.
-
Shares of Malaysia Airlines (MAS) rose over 5% in early trading on Wednesday after the first tranche of its MR2.5bn ($794.9m) sukuk programme was fully subscribed.