Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
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
More articles/Ad
More articles/Ad
More articles
-
Gulf Finance House has reported net profit of $5.7m for the first half of the year, up from $700,000 in the same period last year. The investment bank earned $4.7m of that in the second quarter – an improvement on the $11.2m loss it registered in Q2 2011, with much of this arising from management fees and debt restructuring.
-
-
Dana Gas is seeking a "consensual solution" on a $1bn convertible sukuk ahead of its looming maturity on October 31. The 7.5% notes, which were issued pre-financial crisis in 2007, have fallen sharply since the start of this year, to around 70 cents, amid a lack of clarity over how Dana intends to meet the repayment.
-
SME Bank has sold MR500m ($160.23m) of sukuk in two MR250m tranches, with the deal almost six times oversubscribed. SME intends to deploy the money in supporting the government's agenda to boost small and medium enterprises. The seven-year tranche carried a profit rate of 3.60% and the 10-year 3.69% - or 28bp over Malaysian government bonds.
-
Saudi Arabia's National Commercial Bank ( NCB ) has agreed what is thought to be the world's first Islamic structured international airport financing for the Prince Mohammed Bin Abdul Aziz International Airport in Medina. The airport will cost an estimated SR4.5bn ($1.2bn) to build, a large part of which NCB will provide through senior participation and an equity bridge loan.
-
Kuwaiti investment firm National Industries Group has scrapped plans to obtain a four year extension on a $475m sukuk and will now repay the notes when they mature on Thursday this week. NIG had previously asked investors to restructure the deal – an arrangement that could have realised a return of 22.9%.