Middle East
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The Dubai Gold and Commodities Exchange (DGCX) is set to launch trading of offshore RMB (CNH) futures contracts on December 18. The exchange is looking to leverage the RMB’s new-found status as an SDR currency, it told GlobalRMB. -
Turkey’s Garanti Bank and Finansbank have signed one year loans, completing the second round of refinancings for Turkey’s large commercial banks.
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Turkish bank Yapi ve Kredi Bankasi has hired four banks to arrange a dollar tier two bond that it expects to issue in early 2016, using the December quiet spell to capture credit investors’ attention.
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Military tension with Turkey sent Russia’s credit default swap spread wider this week but Russia’s apparent rapprochement with the west has seen investors treat Russian bonds in a much brighter light.
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Albaraka Turk Katilim Bankasi (Albaraka Turk) priced Turkey’s first Basel III compliant tier two sukuk deal in line with guidance on Monday.
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Trafigura — Gategroup — Marel — Turk Telecom — Garanti — Schuldscheine —
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Turkey’s Garanti Bank will sign its second loan refinancing of the year in London on Friday, according to a lead banker.
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The International Islamic Financial Market has teamed up with the International Swaps and Derivatives Association to publish launch an Islamic cross currency swap standard.
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Albaraka Turk Katilim Bankasi (Albaraka Turk) priced Turkey’s first Basel III compliant tier two sukuk deal in line with guidance on Monday.
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Turkey shot down a Russian warplane on Tuesday morning near its border with Syria. The response to the attack in the bond market has been muted.
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Emirates Global Aluminium launched syndication on Tuesday for a $4.9bn seven year loan facility, comprising both conventional and Islamic financing, to refinance existing loans.
