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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The Central Bank of Bahrain (CBB) has raised BD18m ($47.94m) from its monthly issue of sukuk al-salam Islamic securities. The notes, which carry a 91 day maturity (from February 27), achieved a 223% oversubscription and will have a 0.9% expected return.
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The President of the Islamic Development Bank to Deliver Keynote Address at the Islamic Financial Services Board 10th Anniversary Dinner Kuala Lumpur, 25 February 2013 – The President of the Islamic Development Bank (IDB), H.E. Dr. Ahmad Mohamed Ali Al-Madani will lead this year’s fifteen prominent speakers who have confirmed their participation in the 10th IFSB Summit that will be held on 16 and 17 May 2013 in Kuala Lumpur, Malaysia and hosted by Bank Negara Malaysia. The theme for this year’s IFSB annual event is “The Future of the Islamic Financial Services Industry: Resilience, Stability and Inclusive Growth”.
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The Republic of Indonesia has fallen slightly short of its Rp15tn ($1.55bn) target with a sale of retail sukuk. The country’s finance ministry raised just under Rp14.97tr through the sale of notes, which carry a 6% coupon and three year maturity.
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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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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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The sukuk market is rumbling back into life, with Dubai Electricity & Water Authority having mandated banks as it eyes up to $1bn of sukuk this month. Several other issuers are also lining up deals, meaning the Islamic market's frozen pipeline could soon thaw. State-owned utility company Dewa has asked Abu Dhabi Islamic Bank , Citi, Dubai Islamic Bank , Emirates NBD , Royal Bank of Scotland and Standard Chartered to arrange the sale.