Dubai's Noor Bank has launched a $500 million, five-year debut sukuk issue that will price later on Tuesday, a document from lead arrangers showed.
The transaction was set to price at a spread of 130 basis points over midswaps
The Islamic Corporation for the Development of the Private Sector (ICD), an arm of the Jeddah-based Islamic Development Bank, said it would lead manage a 300 billion CFA franc ($480 million) Islamic bond programme for Ivory Coast.
Senegalese President Macky Sall has asked the Saudi Arabia-based Islamic Development Bank (IDB) to help the West African country tap the Islamic finance market for a second time as it seeks to organise financing for infrastructure projects.
The Malaysian Islamic banking arm of HSBC Holdings has raised 750 million ringgit ($205 million) from the sale of a five-year Islamic bonds (sukuk) at a yield of 4.24 per cent, IFR reported.
The sale is the third tranche of the le
The UAE emirate of Ras al-Khaimah has launched a $1 billion, 10-year sukuk that will price later on Tuesday, a document from lead arrangers showed.
The transaction was set to price at a spread of 110 bps over midswaps, which is at
Emirates, the Dubai-based airline, has set initial price thoughts for a $913 million sukuk issue that will be guaranteed by Britain's export credit agency and may price as early as Wednesday, a document from lead arrangers showed.
Shareholders of Oman's Bank Muscat approved plans for a OR500 million ($1.30 billion) sukuk programme that will be issued in various tranches, it said on Thursday.
The plan comprises issuance in domestic and international mark
Masraf Al Rayan, Qatar's second-largest bank by market value, is eyeing a debut in the debt capital markets this year after inviting bankers to pitch for arranger roles on a potential US dollar-denominated benchmark sukuk issue, sources said
Emirates, the Dubai-based airline, has hired eight banks to arrange an Islamic bond that will be guaranteed by Britain's export credit agency, a document from lead arrangers showed on Thursday.
The deal assumes significance as
Oman Telecommunications (Omantel) said on Sunday its board would seek shareholder approval for a debut issuance of Islamic bonds, or sukuk, only the second such corporate deal in the Sultanate.
The proposed sukuk, for which no siz