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Trade was the largest so far from the Dubai property developer
Turkish oil and gas firm offers a pickup to its parent and most other CEEMEA sukuk
Where the company's deal prices relative to its parent will be the topic of investor roadshows
Benin showed Islamic issuance is a viable market for sub-Saharan African sovereigns
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Nakheel Properties has issued Dh121m ($33m) of sukuk, the third tranche of a trade creditor deal (now totalling almost Dh4.2bn) it has used to restructure debt. The Dubai property developer issued the second Dh1bn tranche in April 2012, having brought the delayed first Dh3.8bn tranche in August 2011 as part of its five year restructuring plan.
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Malaysia's Takaful Ikhlas has appointed Ab Latiff Abu Bakar as its president and chief executive officer. Latiff has over 20 years of insurance and takaful industry experience and was previously ClO of Hong Leong Tokio Marine Takaful.
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Malaysian construction company Eversendai has obtained Securities Commission approval to issue up to MR500m ($164.3m) of Islamic commercial papers and/or Islamic medium-term notes under a sukuk musharakah programme. Eversendai has said the tenor of the proposed programme would seven years from the date of the first issue.
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UAE stock exchange Dubai Financial Market (DFM) has published the draft of its "Standard for Issuing, Acquiring, Trading Sukuk".
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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.