Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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Tight price and strong book reported as market awaits geographic breakdown
Flood of AT1s expected to follow the first public trade from the Gulf in over two months
Announcements could come as early as Monday, the two month anniversary of the last public GCC trades
Islamic investors have been a safe haven for Gulf issuers in the past, and can be now
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Abu Dhabi’s National Petroleum Construction Co has closed a Dh2.2bn ($599m) eight year syndicated loan that includes an Islamic finance component. -
Saudi Arabian Oil Company, otherwise known as Aramco, is in talks with banks as it seeks to replace an undrawn $4bn revolving credit facility with a much bigger $10bn financing.
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First Gulf Bank (FGB), the third largest bank by assets in the UAE, is out with its first dollar bond since 2013. Leads talked the five year bond at 100bp-105bp over mid-swaps on Tuesday morning.
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Turkey’s treasury department plans to issue TL1.8bn ($732.6m) of sukuk on Tuesday.
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Islamic insurance practitioners sought solutions to the struggling takaful industry’s limited progress within and outside of the Islamic world at the 2015 International Takaful Summit in London this week.
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OCI NV, the Amsterdam-listed Egyptian construction, fertilisers and chemicals group, has announced details of its plan to demerge its construction business, in a deal that could help revive Middle Eastern equity capital markets activity, which has been flagging this year since the collapse of the oil price.
