Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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The Gulf kingdom is trying to tackle a very wide deficit and sky-high debt to GDP
Gulf investors 'will now look at every deal', whether sukuk or not
Demand from the Middle East for the sukuk was steady
Bond pricing for the mining company started about 43bp back of its parent
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Malaysia’s central bank, Bank Negara and the Hong Kong Monetary Authority (HKMA), have agreed to further ties to develop Islamic finance in Hong Kong.
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Turkish Islamic bank Al Baraka Turk is due to sign its $250m murabaha facility within the first two weeks of September. Syndication for the deal closes on August 29.
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Three Egyptian banks are set to complete Egypt’s largest Shariah-compliant financing facility to the Egyptian Steel Company for E£1.7bn ($243m).
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Saudi cement company the Northern Region Cement Company (NRCC) has signed a renewal of its existing murabaha facility with Arab National Bank. The deal is worth Sr200m ($53.3m).
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Property developer Saudi Hotels and Resort Areas Co. (Sharaco) has signed a Sr308.8m ($82m) murabaha financing to fund a new hotel in Riyadh's diplomatic quarter.
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The International Islamic Liquidity Management has sold its short term dollar sukuk — the first of its kind in the Shariah-compliant capital market. The $490m programme has taken more than 2-1/2 years of work to complete.