Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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The country's curve has rallied since the US and Iran agreed on a peace MoU
Most of the demand came from local investors, as one banker expected
Price was 'way off' fair value, according to a source on the deal
Rare borrowers Burjeel Holdings and Avilease also marketing deals
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Kuwaiti company The Investment Dar has sold its 51.6% stake in Bahrain Islamic Bank to National Bank of Bahrain and Social Insurance Organisation. The two firms bough up 25.8% each.
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Qatar plans to issue QR4bn ($1.1bn) of bonds and sukuk in quarterly instalments, according to the state run Qatar News Agency. The central bank will sell the local currency denominated notes (of which QR1bn will be sukuk) in three year and five year maturities.
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JCR-VIS assigns local currency ratings on a national scale. Local currency rating on a national scale assumes the national government to be least risky, which is therefore implicitly assigned a 'کAAA' rating. These ratings represent an entity's ability to meet its domestic obligations in the local currency.
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Bank of London and the Middle East has reported a £5.52m profit before tax for 2012 – an improvement on the £8.9m loss it made in 2011. BLME attributed its return to profitability to a 67% increase in operating profit before impairment charges. -
Karachi, March 08, 2013: JCR-VIS Credit Rating Company Limited has upgraded the Insurer Financial Strength ( IFS ) rating of Century Insurance Company Limited (CICL) to 'A+' (Single A Plus) from 'A' (Single A). Outlook on the assigned rating is 'Stable'.
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Emirates Airline plans to re-enter the Islamic bond air space after nine months of circling. The company is looking to issue a Reg-S dollar denominated benchmark sukuk and has mandated banks for the sale. Roadshows began in Abu Dhabi and Dubai on Thursday and were due to head to Switzerland on Friday and London on Monday.
