Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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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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Karachi, July 04, 2012: JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the medium to long-term and short-term entity ratings of SME Bank Limited (SME) at 'BBB' (Triple B) and 'A-3' (A-Three), respectively. Outlook on the rating remains 'Negative'.
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Emirates Islamic Bank gets tight price on $500m sukuk
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Emirates Islamic Bank on Wednesday underscored the market's ever growing demand for sukuk as its second $500m benchmark of the year generated a $5bn order book from 250 orders – a huge jump from the $ 1 .5bn from 106 accounts received by the previous deal.
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The Republic of South Africa's national treasury has asked two consortiums led by BNP Paribas and Standard Bank to advise it on issuing a debut sovereign sukuk. Both a local currency and international deal are possible, with the latter likely to be benchmark size and carry a five-year maturity.
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Saudi Arabian electrical engineering firm Al Fanar Co has signed a SR3bn ($800m) murabaha financing with three regional lenders.
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UAE housing provider Tamweel has opted not to proceed with plans for an RMBS sukuk, having looked poised to issue the deal last week. The complexity of the structure and lack of other comparable transactions are likely to have been factors weighing on roadshows, with Tamweel saying it had based its decision on market feedback.