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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Emirates Airlines is looking to issue a Reg-S dollar denominated benchmark sukuk and has mandated banks for the sale. Roadshows will begin in Abu Dhabi and Dubai on Thursday, before heading to Switzerland on Friday and London on Monday.
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Qatari investment bank QInvest has hired Nasser Abdullah Al Mahmoud as a director within its investment banking division.
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Mobile telecommunications firm Zain Saudi has once again extended the final maturity of its outstanding Sr9bn ($2.4bn) murabaha as it tries to refinance the Islamic financing.
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Dubai Islamic Bank is preparing to issue the first bank sukuk of the year — a perpetual tier one deal via Emirates NBD, HSBC, National Bank of Abu Dhabi and Standard Chartered Bank.
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Indonesia fell short of its target in a sukuk auction on Tuesday, blaming rising inflation in February. The finance ministry issued Rp760bn ($78.3m), around half the Rp1.5tn it had looked to raise.
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Sukuk issuance among banks in the Gulf Co-operation Council (GCC) region is expected to keep growing this year after the GCC banks turned to the Shariah-compliant bond market for 45% of their debt issuance in 2012, according to Standard & Poor’s.