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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Saudi Arabian dairy company Almarai has fully acquired Fondomonte, a company that owns and operates farms in Argentina, for SAR312m ($83.2m).
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The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has appointed Khaled Al Fakih as secretary general. The appointment comes after previous secretary general Mohamad Nedal Alchaar – who had held the position since 2003 – was appointed as Syria's minister of trade and economy in April this year.
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Malaysia's Cagamas, the National Mortgage Corporation, has issued MYR40m ($12.6m) of Islamic medium term notes (IMTN) and MYR60m of conventional medium term notes (CMTN) ranging in maturity from 1 to 15 years. These will be redeemed at their full nominal value on maturity and are unsecured obligations ranking pari passu with existing unsecured obligations. They will be listed and tradable under the Scripless Securities Trading System.
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Malaysian plastics company Emery Oleochemicals Group has delayed its plans to sell MYR480m ($151.4m) of sukuk until the second quarter of 2012, saying it has sufficient funds. The company's CEO Kongkrapan Intarajang said in June that Emery would look to issue in Q4 this year, but the firm is holding off until additional funds are required for long term projects.
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Malaysia sukuk issuance is ending the year on a high with a national corporate record MYR19.6bn ($6.18bn) deal from PLUS on Monday. Proceeds of the sukuk musharakah programme will be used to help pay for the takeover of toll-road operator Plus Expressways by UEM Group and Employees Provident Fund.
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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.