GCC
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Saudi Arabia was offering up a 20bp-25bp NIP over its conventional bonds at price talk for its debut sukuk on Tuesday, as banker’s debated where the deal will land relative to it’s conventional bond debut. -
The Dubai Gold and Commodities Exchange (DGCX) on Sunday announced the launch of a Shanghai Gold futures contract, increasing foreign investors' access to China's bullion market.
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Dubai retailer Damac Real Estate was out with a five year sukuk on Monday — a deal which featured a Russian bookrunner for the first time on a Gulf deal — as Mubadala marketed a conventional dual tranche dollar bond following its merger with IPIC.
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The third largest private sector bank in India, Axis Bank, has provided a $295m loan to Aster DM Healthcare after it failed to alter the terms on a previous loan.
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The State Administration of Foreign Exchange (Safe) reports rise in foreign reserves, China Insurance Regulatory Commission (CIRC) chief is under investigation over misconduct, and no formal agreement emerges following Xi Jinping’s meeting with Donald Trump.
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Saudi Arabia will begin meeting investors for its debut international sukuk on Sunday. The deal is a long time coming, according to those keen to see the development of the Islamic finance market.
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Saudi high yield issuer Dar Al-Arkan nipped in ahead of its sovereign to raise a $500m sukuk, strong scarcity value drove demand and enabled the issuer to increase the size of the trade from the planned $300m.
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Kuwait National Petroleum Co has signed another $1bn loan, after borrowing $4bn in a syndicated facility launched last month, to finance its “clean fuels” project.
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Saudi Arabia will begin meeting investors for its debut international sukuk on Sunday. The deal is a long time coming according to those keen to see the development of the Islamic finance market.
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ADES International, the Dubai oil and gas drilling services company, is preparing an IPO on the London Stock Exchange to raise capital.
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Saudi real estate company Dar Al-Arkan and Dubai property developer Damac look set to add much needed supply to the sukuk market and are lining up trades in the belly of the curve.
