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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Egypt is planning to build a E£4.5bn ($737m) steam-fired power station in the country's north-east, using Shariah-compliant financing.
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Sri Lankan telecoms provider Dialog Axiata has approved the establishment of a MR1.2bn ($390m) sukuk programme in Malaysia.
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Dana Gas, the Sharjah-based gas producer, edged closer to default on Wednesday as it failed to make principal and coupon payments on its $1bn sukuk on the maturity date.
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Malaysia's Etiqa Insurance and Takaful has appointed Ahmad Rizlan Azman as CEO of its Islamic operations.
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Dana Gas's continued failure to agree restructuring terms with holders of its $920m sukuk knocked 15% off the note's price on Wednesday, as investors factored in the increased likelihood of the UAE's first outright default.
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The syndicated loan portion of the $4.5bn financing for the expansion of aluminium smelter Emal 2 is on course to sign before the end of the year, though the bond may be pushed back until Q1 2013.