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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Dar Al Arkan’s $450m 5.75% five year sukuk has performed well in secondary markets. The paper traded up to 100.75 bid on Wednesday, having been priced below par at 99.47 the day before.
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Abu Dhabi Islamic Bank’s global head of private banking, Stuart Crocker, has reportedly left the bank.
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Saudi Arabia’s Dar Al Arkan has issued a $450m five year dollar sukuk inside guidance at a 5.75% coupon. The deal is the first tranche of a SR2.8bn ($750m) international programme.
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Islamic finance university INCEIF has signed a cooperation agreement with the Central Bank of Libya.
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Abu Dhabi barge operator Gulf Marine Services is close to signing a Dh1.32bn ($360m) syndicated Islamic financing facility.
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Tenaga Nasional unit TNB Prai has priced MR1.625bn ($537.8m) of multi-tranche sukuk, in what the electricity company said was the first deal in the Malaysian capital markets since the country’s general elections.