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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Khaleeji Commercial Bank (KHCB), an Islamic bank based in Bahrain, has launched its new financing scheme for small and medium enterprises (SMEs). It hopes this will help economic development in Bahrain by boosting productivity and growth. The KHCB SME financing scheme is in coordination with Tamkeen and facilitates Islamically structured financing packages. These aim to cater to all business sectors in Bahrain to support their requirements, be it for expansion, working capital requirements or project finance. The financing amounts available start from BD10,000 up to BD500,000 with an annual profit rate of 4% on reducing basis over a tenor of up to seven years.
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Karachi, December 5, 2012: JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned initial entity ratings of ‘AA/A-1+’ (Double A /A-One Plus) to Arif Habib Corporation Limited (AHCL). Outlook on ratings is ‘Stable’.
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Dana Gas has received $48m of overdue liquid fuel payments from Kurdistan. Difficulties in obtaining money the Sharjah based company is owed for its operations in Kurdistan and Egypt were a key contributing factor to Dana's default on its outstanding $920m sukuk that matured at the end of October.
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Malaysian sovereign wealth fund Khazanah Nasional's property development arm UEM Land Holdings plans to issue up to MR2bn ($658m) of debut sukuk to raise working capital, pay down debt and buy back it convertible preference shares.
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Saudi Arabian engineering firm Abdullah AM Al-Khodari Sons Co signed a Sr500m ($133m) Islamic financing facility on Tuesday. This is the firm's third Shariah-compliant deal in three weeks.