Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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Bank and corporate issuance from the country has surged in 2026
Bank's $1bn sukuk continues the AT1 deluge despite resumption of air strikes
The energy-focused financial insitution returned to Islamic issuance earlier in 2026
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Saudi Arabian Mining Company (Ma’aden) has signed an oversubscribed SR9bn ($2.34bn) five year murabaha facility after launching the deal at SR7bn in June.
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Nakheel Properties looks to be on course to make a Dh201m ($54.8m) payment on Saturday to holders of one its sukuk. The Dubai-based company, which was hit hard during the Middle East financial crisis, said on Wednesday that it has made the necessary arrangements to enable its paying agent Deutsche Bank to make the third profit payment on the notes.
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Global sukuk issuance in 2012 has reached $138.5bn, according to the IFIS Sukuk Database, with a run of Asian deals this month taking the market further into record territory. The running total is 49% up on the $93bn issued throughout the whole of 2011.
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Dana Gas completed a $920m sukuk restructuring with creditors this week, having defaulted on the notes in early November. The Sharjah-based company will pay down $70m in cash and issue two new $425m five year sukuk — one ordinary and one convertible — paying 9% and 7%, respectively. The previous deal’s coupon was 7.5%.
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Dana Gas has received $48m of overdue liquid fuel payments from Iraqi Kurdistan. Difficulties in obtaining money that the Sharjah-based company is owed for its operations in Kurdistan and Egypt were a key contributing factor to its failure to pay on a $920m sukuk that matured at the end of October.
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Bahrain’s Gulf International Bank underscored its improving fortunes under Saudi ownership this week with a tightly priced but well received $500m five year bond.