Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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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
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UK-based Siyam Capital is already looking to finalise mandates for at least three funds. One will be completed in the next three weeks, and the others a month later, CEO Safdar Alam told IFIS, adding that closing of the funds was expected over the next nine to 12 months.
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Karachi, April 26, 2012: JCR-VIS Credit Rating Company Limited has reaffirmed the entity ratings of Tameer Micro Finance Bank Limited (Tameer) at ‘A/A-1’ (Single A/A-One) with a ‘Stable’ Outlook.
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Karachi, April 25, 2012: JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the medium to long term entity rating of Khushhali Bank Limited (KBL) at ‘A’ (Single A) and short term rating at ‘A-1’ (A-One). Ratings remain under ‘Rating Watch-Developing’ status on account of pending legal formalities regarding completion of acquisition by the UBL (United Bank Limited) led consortium. Upon conclusion of the acquisition process and subsequent reconstitution of the new board, ratings will be revisited.
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Dubai priced $600m of five-year and $650m 10-year sukuk inside its conventional bonds on Wednesday, in what was its first issuance of Islamic bonds since the Dubai World crisis shook investor confidence in the emirate in late 2009.
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Saudi Arabian Islamic bank Al Rajhi plans to issue a debut sukuk through its Malaysia unit. The ringgit-denominated sukuk is likely to be of benchmark size and will be used to help fund Al Rajhi's expansion plans and underwriting business.