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EM Middle East

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The bank exercised a call date a month ago and has another late this year
Sovereign bond print went ahead despite missile and drone attacks just before pricing
Books on the dollar deal opened just hours after Iran attacked the country
Israeli issuer called its previous tier two early last year
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  • The Central Bank of Azerbaijan (CBA) and the International Bank of Azerbaijan (IBA), the country’s largest bank, will hire an Islamic finance consultant to recommend how regulators and banks can develop legislation and improve the state of Islamic banking in the republic.
  • Political protests in Turkey should hold no fear for supporters of Islamic finance in the country. The hard work has been done and the product looks set for a big future.
  • Saudi construction company Al-Khodari Sons Company has signed an Islamic credit facilities agreement with Gulf International Bank (GIB) a Bahraini bank, for SR290.1m.
  • Saudi Arabia's Sadara Chemical Company has signed a Sr39.375bn ($10.5bn) 12 year export credit agency (ECA) facility in the second largest project financing for a Middle Eastern borrower in five years, according to Dealogic.
  • Qatari telecoms firm Ooredoo has withdrawn its bid for Vivendi's 53% stake in Maroc Telecom, leaving regional rival Etisalat as the sole bidder in the $6bn acquisition.
  • Dubai oil industry service group Lamprell has signed a new $181m credit facility, split between a $100m term loan, a $60m term loan and a $21m revolving credit facility.