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Tunisia may delay sukuk issue to next yearTunisia's first issue of a sukuk (Islamic bond) is likely to be postponed to next year, adding to pressure on government finances, because of disruptions to legislative business, said a top government official. Finance Ministe More… |
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Al Baraka Turk planning $200m sukukBahraini lender Al Baraka Bank's Turkish unit is working on the issue of a $200 million, 10-year subordinated sukuk, Al Baraka Turk general manager Fahrettin Yahsi told Reuters on Wednesday. Yahsi said the sukuk would be issue More… |
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Saudi airports agency picks banks for huge sukukSaudi Arabia's state airports operator has picked three banks to arrange the second tranche of its local Islamic bond programme, banking sources said on Tuesday, with a sale seen matching the firm's recor More… |
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Bahrain to list $265m sukuk issueBahrain Bourse will today list the BD100 million ($265.1 million) government development sukuk issue. It was issued on May 13 by the Central Bank of Bahrain on behalf of the government. The face value of the sukuk is BD1 each and More… |
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Qatar Central Bank to issue $1.1bn debtQatar's Central Bank said on Thursday it would issue QR1 billion ($274.6 million) worth of sukuk and QR3 billion ($828.9 million) worth of bonds next week. The bank had said in March it would issue local debt as part of an adj More… |
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Saudi Binladin plans local currency sukukSaudi Binladin Group, one of the largest construction firms in the kingdom, is meeting investors over a potential local currency Islamic bond sale, two banking sources aware of the deal said on Monday. More… |
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Egypt to start roadshow for sukuks next weekEgypt next week will begin marketing Islamic sukuk bonds with which it hopes to finance 10 large electricity, transport, supply and industry projects, the state Mena news agency reported. &nbs More… |
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IDB raises $1 billion from sukukIslamic Development Bank (IDB), a Jeddah-based multilateral institution, raised $1 billion from the sale of a five-year Islamic bond, or sukuk, at par yesterday, overcoming a sell-off across global credit markets. The senior, unse More… |
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Sukuk markets hit new highs with Far East pushThe last two years were a record for sukuk issuances with the market registering $137 billion in 2012 and this trend is expected to continue with growth driven particularly by issues in the Far East, said an industry expert. " More… |
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Egypt sets up $12bn bond programmeEgypt aims to issue its debut sovereign Islamic bond, or sukuk, early next year, which could help ease pressure on its public finances, the prospectus for a new $12 billion bond programme showed. More… |
