Middle East
-
Mitsubishi UFJ Financial Group’s banking arm, the Bank of Tokyo-Mitsubishi UFJ (BTMU) has launched a new Islamic Finance business to be run from its Dubai branch. -
Majid Al Futtaim (MAF) on Tuesday opened books on only the second Middle East corporate sukuk of the year, as Islamic bond issuance starts to lag behind the 2014 run rate.
-
Kuwait petrochemicals firm Equate is in the market for a $6bn one year loan after signing a $3.2bn deal to buy ME Global last week.
-
Turkish automaker Tofas has completed syndication of a €200m seven year loan that will finance research and development projects for two cars.
-
The newly reopened Middle East bond market has tougher tests of demand ahead, with a trio of mandates hitting screens on Monday morning and two others rumoured.
-
Teva, the New York-listed Israeli pharmaceutical company, held a meeting with banks on Wednesday for the syndication of $33.75bn of loans to buy generic drug business Allergan Generics.
-
-
The Middle East debt market reopened at last this week with two solid sukuk prints. But the twin benchmarks are unlikely to help bankers figure out how the market will hold up when supply starts in earnest.
-
Intercity, the Turkish car lessor, has signed what is thought to be the first ever Samurai loan for a Turkish company, for €40m. But Japanese investors will not come piling into the Turkish market, said one banker.
-
Qatar Islamic Bank (QIB) has given an indication of the new issue premiums Middle East names now have to pay. But estimates from bankers away from the deal on the QIB concession were twice as high as from those on the deal.
-
Qatar Islamic Bank (QIB) launched the second Middle East benchmark in as many days on Tuesday, as that market shows signs of a healthy restart.
-
Teva, the Israeli pharmaceutical company, will hold a meeting with banks on Wednesday for the syndication of $33.75bn of loans it is using to buy generic drug business Allergan Generics.
