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
Bahraini Islamic investment firm GFH plans to make a $230 million sukuk issue this year to help it fund acquisitions of two to three regional companies, the bank's chairman said.
The bank sold $170 million of convertible sukuk
Qatar Islamic Bank , the Gulf state's largest sharia-compliant bank by assets, said on Monday its shareholders had approved the issuance of up to QR5 billion ($1.37 billion) of Tier 1-boosting sukuk.
The sale would be in accor
Emirates, the Dubai-based airline, has hired banks to help it arrange a sukuk of up to $1 billion, according to five sources familiar with the matter.
Two of the sources said the deal could close by the end of the first quarter.