Arab Palestinian Investment Company (APIC) has issued new five-year bonds with a total nominal value of $35 million in a private subscription with the participation of nine banks and companies from Palestine, Jordan and Bahrain.
Saudi Arabia is set to launch its first international bond sale on Wednesday to help ease an economic downturn caused by oil price slump, reports said.
The kingdom is targeting between $10 billion and $15 billion in the bond sale.
The Hong Kong branch of China Construction Bank (CCB) listed a $600 million bond today on Nasdaq Dubai, the region’s international financial exchange.
CCB is the fourth Chinese bank to list a bond on the exchange sinc
Majid Al Futtaim Holding rang the market-opening bell today to celebrate the listing on Nasdaq Dubai of a $300 million tap under its existing $3 billion conventional bond programme.
The capital raised by the bond tap will support
Qatar National Bank (QNB) is set to price a five-year bond of benchmark size on Wednesday after announcing initial price thoughts in the area of 135 basis points over midswaps, a document from lead managers showed.
Gulf banks have
Tesla Motors chief executive Elon Musk is buying $65 million of bonds from SolarCity Corp in the latest debt offering by the solar panel company that Tesla plans to acquire for $2.6 billion, according to a filing on Tuesday.
The National Bank of Abu Dhabi plans to start an investor roadshow next week to issue a benchmark-sized green bond, the proceeds of which would be used to invest in renewable energy, sources familiar with the matter said on Thursday.
National Bank of Oman (NBO) has launched a $100 million tap of its existing 2019 bond at initial price thoughts in the area of 225 basis points over midswaps, lead managers said on Tuesday.
The transaction is being arranged by Cre
Saudi Arabia has chosen Citigroup, HSBC and JP Morgan to arrange its highly anticipated sovereign bond issue, two sources with knowledge of the matter said on Sunday.
Banks had pitched for roles on the transaction earlier this mon
Saudi Arabia is considering using IOUs (I-owe-you) model to pay outstanding bills with contractors and conserve cash, said a report, citing key sources.
As payment from the state, contractors would receive bond-like instruments wh