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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Abu Dhabi National Energy Company (Taqa) has said that it will begin meetings with fixed income investors from Thursday this week as it considers launching a global MTN programme. An international transaction may then follow subject to market conditions.
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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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The Malaysia-based Islamic Financial Services Board (IFSB) has opted to appoint the governor of the Central Bank of Bahrain (CBB) Rasheed Mohammed Al Maraj as its council chairman for 2012. He takes over the role from the current chairman Mohammed Said Shahin of the Central Bank of Jordan . The governor of the Qatar Central Bank, Sheikh Abdullah Saoud Al-Thani will be deputy chairman.
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With western European sovereign bonds slumping yet further this week, the Kingdom of Bahrain was able to get its oversubscribed $750m sukuk issue away inside Italy. Despite marking the first benchmark deal from a country directly affected by the Arab Spring turmoil, the seven year bond emerged at a 6.273% profit rate compared to 6.79% on the EU sovereign's conventional 2018s.
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Issuers in the Gulf Cooperation Council countries with refinancing needs should ready themselves for a tough three years as the amount of debt maturing will rise dramatically, according to a new report.