Middle East Bonds
-
Manama, Bahrain –14th August 2012 – The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been fully subscribed by 145%.
-
-
International sukuk issuance may have stopped for the Middle East summer and the Islamic observance of Ramadan, but investors said that a big pipeline of deals is likely to flow soon. UAE sovereign-related sukuk are rumoured to be on the way, including a potential Abu Dhabi government deal.
-
Bahrain Mumtalakat Holding, the investment arm for Bahrain's non-oil and gas commercial assets, is lining up roadshows in Kuala Lumpur. The sovereign wealth fund is looking to establish a MR3bn ($952.3m) murabaha sukuk programme despite having said only recently that it had no plans to issue new debt. CIMB and Standard Chartered will act as joint leads for the sale.
-
Clifford Chance has advised CIMB Bank (L) Limited, HSBC Amanah Malaysia Berhad and Merrill Lynch (Singapore) Pte. Ltd. as Joint Lead Arrangers and CIMB Bank (L) Limited, The Hong kong and Shanghai Banking Corporation Limited and Merrill Lynch (Singapore) Pte. Ltd. as Dealers on the establishment by Axiata Group Berhad, through its wholly owned subsidiary, Axiata SPV2 Berhad, of an innovative USD 1.5 billion Sukuk Issuance Programme approved by the Securities Commission Malaysia. The landmark Sukuk Issuance Programme is the Asia Pacific Region’s first internationally rated multi-currency Sukuk issuance programme.
-
Abu Dhabi Islamic Bank has launched operations in Iraq after receiving approval from the Iraqi Central Bank. It becomes the first United Arab Emirates bank to have a presence in the country.
-
Kuwaiti investment firm National Industries Group has asked holders of its $475m sukuk to restructure the deal. Investors willing to take four more years of exposure to the troubled firm stand to realise a return of 22.9%, said analysts.
-
-
Manama, Bahrain – 23 July 2012 – The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities for the BD 18 million issue, which carries a maturity of 91 days, has been oversubscribed by 188%.
-
Manama, Bahrain –17th July 2012 – The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been fully subscribed by 100%.
-