Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
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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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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Karachi, June 15, 2012: JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded the entity ratings of Matco Rice Processing (Pvt.) Limited (Matco) to 'A - /A-2' (Single A-Minus/ A-Two) from 'BBB+/A-3' (Triple B Plus/A-Three). Outlook on the rating is 'Stable'.
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Jebel Ali Free Zone's roaring success in issuing a $650m seven year benchmark sukuk drove a big rally across Dubai credits this week, as the deal's reception stoked appetite for paper from the emirate's other issuers.
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13 June 2012, Dubai: Senior representatives from major Islamic banks including HSBC Amanah, Standard Chartered Saadiq, Meezan Bank Ltd, Dubai Islamic Bank, CIMB Group, Al Hilal Bank, Noor Islamic Bank, Bank Nizwa, Mashreq Al Islami, University Bank, Bahrain Islamic Bank BSC, Bank Dhofar, RAKBANK, Sharjah Islamic Bank and Bank Alkhair have joined an increasingly powerful speaker platform at the 4th Annual World Islamic Retail Banking Conference to facilitate rapid growth and continuous improvement in Islamic Retail Banking.
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Emirates has said it is ready to repay in full its $550m sukuk that matures on Saturday and will not refinance the deal. The airline operator had previously weighed up issuing a new sukuk to pay down the existing debt.
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The Development Bank of Kazakhstan (DBK) is close to launching its debut sukuk, which it plans to sell in Malaysia. The deal, the first Islamic bond from the country, will be a quasi-sovereign issue, since DBK is wholly owned by the government of Kazakhstan.