Friday 12 February 2016
 
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sukuk

Omantel scraps $130m dual-currency sukuk

Oman Telecommunications Co (Omantel) scrapped plans for a $130 million, five-year dual-currency sukuk issue because the interest rates offered by lenders were too high, the company's chief executive said. Last month, the state

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One IPO in GCC in Q4 marks end to volatile year

The final quarter (Q4) of 2015 echoed the sluggish IPO (Initial Public Offering) performance in Q3 proving that 2015 was a volatile year for IPOs in the GCC, said experts, highlighting that Saudi Arabia witnessed the only IPO during Q4.

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Qatar in talks for sovereign sukuk issue in March

The government of Qatar is in talks with banks about a sovereign sukuk issue, sources aware of the matter said on Monday, as the Gulf nation returns to international debt markets to shore up state finances pressured by low energy prices.

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Sharjah to raise $500m sukuk

The emirate of Sharjah will raise $500 million through a five-year sukuk transaction, which could price as early as Wednesday, a document from lead arrangers showed. The sovereign is currently retaining the pricing, as announced o

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Islamic Development Bank in talks for Q1 sukuk issue

Jeddah-based Islamic Development Bank (IDB) has invited banks to pitch for roles in arranging a potential dollar-denominated sukuk, sources familiar with the matter told Reuters on Thursday.   The AAA-rated IDB i

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Omantel launches $130m debut sukuk

Oman Telecommunications Co (Omantel) has opened for subscription its debut RO50 million ($129.9 million) sukuk issue, the former monopoly said on Wednesday. The Islamic bond will have a lifespan of five years, with investors allow

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Global sukuk likely to drop to $50bn in 2016

Global sukuk issuance is expected to reach $50 billion$55 billion in 2016, compared with $63.5 billion in 2015 and $116.4 billion in 2014, a Standard & Poor's Ratings Services report said. Absent its biggest issuer, the gl

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Sharjah plans sukuk issue in Q1

The emirate of Sharjah is planning to raise funds through a dollar-denominated Islamic bond, sources aware of the matter said on Tuesday, in what could be the first sovereign sukuk issuance from the Gulf region this year. The sources sa

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Saudi's NCB settles issuance of $719m sukuk

Saudi Arabia's National Commercial Bank (NCB) has completed a subordinated Additional Tier 1 Capital Sukuk worth worth SR2.7 billion ($719.54 million), the company announced in a bourse statement on Wednesday.  

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Nakheel makes $60m sukuk profit payment

Dubai property developer Nakheel said it has made a profit payment of Dh220 million ($60 million) on its trade creditor sukuk. The developer had instructed Deutsche Bank, the registrar and paying agent for the sukuk, to make the p

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