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The trade, like previous yen issuance, carries a guarantee
ECA-backed deal comes after AFC raises $2bn to fund infrastructure development
Five year bond set to be priced much tighter than the development bank's last senior issue
Investors were eager to tender their bonds despite initial resistance
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The International Islamic Liquidity Management Corporation (IILM) this week expanded its short term dollar sukuk programme with an $860m three month issue.
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Sterling Bank plans to raise $120m with a private placement by the end of Q1 2014, according to a funding officer at the bank. The Nigerian lender will follow the deal up with a multi-currency tier two deal by the end of the year.
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Libya will consider issuing a debut international sukuk as it seeks alternative funding sources to meet its budget and pay for food imports.
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Libya will consider issuing a debut international sukuk as it seeks alternative funding sources to meet its budget and pay for food imports.
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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.
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The International Islamic Liquidity Management Corporation (IILM) has expanded its short term dollar sukuk programme with an $860m three month issue.