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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Karachi, March 27, 2013: JCR-VIS Credit Rating Company Limited has reaffirmed the entity ratings of Tameer Micro Finance Bank Limited (Tameer) at ‘A/A-1’ (Single A/A-One). Ratings of the outstanding TFC issues (1&2) have also been reaffirmed at ‘A(SO)’ (Single A (Structured Obligation)). Outlook on the assigned ratings is ‘Stable’.
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Karachi, March 27, 2013: JCR-VIS Credit Rating Company Limited has upgraded the Insurer Financial Strength ( IFS ) Rating of EFU Life Assurance Ltd. (EFU Life) to 'AA' (Double A) from 'AA-' (Double A Minus). Outlook on the assigned rating is 'Stable'.
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Dubai Aluminium and Mubadala were due to sign a $3.4bn multi tranche loan for their Emal 2 aluminium smelter on Tuesday.
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The Central Bank of Bahrain has raised BD18m ($47.7m) through its monthly issue of sukuk al-salam. The notes, which carry a 91 day maturity beginning March 27, were oversubscribed by 246%.
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Insurance company focused rating agency AM Best has assigned Bahrain based Takaful International Company a B++ financial strength and “bbb” issuer credit rating, both with stable outlook.
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Qatar based Barwa Bank has reported a QR345m net income for 2012, up 41% on the QR244m it earned in 2011. The bank’s total assets increased by 32%, from QR21.5bn to QR25.3bn. Barwa also saw a 66% growth in its financing portfolio from QR9.2bn to QR15.3bn, with customer deposits rising from QR10.1bn to QR14.8bn during 2012.