Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
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
More articles/Ad
More articles/Ad
More articles
-
Dubai Islamic Bank priced its $1bn dollar denominated benchmark perpetual tier one sukuk on Wednesday well inside initial guidance, having generated a diverse $14bn order book. DIB was able to cut guidance for the deal from an initial 7% area to a much tighter final 6.25%. Leads received 360 orders for the paper and were able to achieve a balanced allocation, both by geography and investor type.
-
Dubai Islamic Bank has priced a $1bn dollar denominated benchmark perpetual tier one sukuk into overwhelming investor demand.
-
Bank of London and the Middle East has agreed to provide a £20m three year finance facility for a mixed residential and commercial development in London. This brings BLME’s total financing of the UK mid-market sector over the past 12 months to $240m.
-
Egypt’s Shura Council has approved the country’s sukuk draft law. The council modified 13 articles and added new ones, according to local newspapers that cite a committee report. The law combines the Shura Council’s proposal and those of the government and the economic and financial committee.
-
Emirates' newly priced $1bn 10 year amortising sukuk, issued at 300bp over mid-swaps, received a three times oversubscribed order book. Despite the strong response, most of the UAE based airline's deal allocation (85%) went into the MENA region — with 73% of the demand coming from banks. Only 7% went to European investors, 5% to Asia and 3% to US offshore.
-
Karachi, March 13, 2013: JCR-VIS Credit Rating Company Limited (JCR-VIS) has maintained the rating assigned to TFC-1 issue of Rs. 500 million of Escorts Investment Bank Limited (EIBL) at 'BB' (Double B). The "Rating Watch - Developing" status has been removed and Outlook on the assigned rating is "Negative".