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Turkey to allow deeper use of Islamic bondsTurkey is working on new regulations to allow wider use of Islamic bonds, a closely watched move which could see sukuk issues employed by the government and corporations for project finance and infrastructure development. Turkish More… |
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Mursi sends Islamic bond law to clericsEgyptian President Mohamed Mursi referred a law allowing the state to issue Islamic bonds to a panel of top Muslim scholars on Sunday, state media said, a step that could complicate the government's plans to pass the legislation. More… |
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Dana eyes $1bn bond repaymentDana Gas, the Abu Dhabi-listed energy firm, said it has begun seeking consents from the holders of $1 billion Sukuk-al-Mudarabah (Islamic bond) issued by Dana Gas Sukuk to restructure the bond on previously-announced terms. Confir More… |
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Dana delays restructuring vote to April 23Dana Gas, the Abu Dhabi-listed energy firm, postponed the shareholder vote for restructuring of the $920 million sukuk to April 23 after a meeting on Sunday failed to meet the required quorum. This is the second time the meeting h More… |
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Dana delays restructuring vote to April 23Dana Gas, the Abu Dhabi-listed energy firm, postponed the shareholder vote for restructuring of the $920 million sukuk to April 23 after a meeting on Sunday failed to meet the required quorum. This is the second time the meeting h More… |
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Turkey's Asya bank in $250m Islamic bondTurkey's Bank Asya has raised $250 million through a 10-year non-call five subordinated Islamic bond, according to one of the lead managers. The notes priced at par to yield 7.5 per cent, in line with initial price thoughts of More… |
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Global sukuk issuance to top $100bn in 2013The value of new sukuk (Islamic bond) issuance worldwide will once again surge to more than $100 billion this year with GCC issuers dominating the market with bigger issues, said a report. The sovereign and sovereign-related issua More… |
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Emirates picks banks for likely Islamic bondEmirates Airline, Dubai's flagship carrier, has hired six banks to arrange a potential dollar-denominated, benchmark sukuk sale, lead arrangers said on Wednesday. Emirates picked Citigroup Inc, Standard Chartered , Abu Dhabi C More… |
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Emirates picks banks for likely Islamic bondEmirates Airline, Dubai's flagship carrier, has hired six banks to arrange a potential dollar-denominated, benchmark sukuk sale, lead arrangers said on Wednesday. Emirates picked Citigroup Inc, Standard Chartered , Abu Dhabi C More… |
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Egypt approves law allowing Islamic bondsThe Egyptian government approved a draft law on Wednesday that will allow the state and private borrowers to issue Islamic bonds, or sukuk, and referred the legislation to the upper house of parliament, a statement said. Egypt has More… |
