Dubai Electricity and Water Authority (Dewa) will use its own cash to repay a $1-billion bond maturing in April, the company said on Tuesday as it reported a 14.8 per cent increase in 2014 profit.
Dubai's only utility also sai
Bank of Bahrain and Kuwait (BBK) is planning its first debt issue since 2010 to refinance an existing $500 million bond maturing in October, its chief executive has said.
The offering by Bahrain's fourth-largest bank by assets
Bank Dhofar, Oman's third-largest lender by assets, plans to raise its capital by up to $300 million at the earliest opportunity, with a Tier 1 capital-boosting bond its preferred method, the bank said in a statement.
It is th
Gulf issuers of overseas bonds, kept on the sidelines by volatile markets, may revive their issue plans after Dubai Islamic Bank, the largest Islamic bank in the United Arab Emirates, completed a $1 billion sukuk issue.
Commercial Bank of Kuwait (CBK) said on Monday it cancelled its KD120 million ($412.7 million) capital-boosting bond last week over potential perception concerns about where some of the buyers were getting cash to participate in the issue.
Egypt could tap international bond markets to raise up to $1.5 billion next year to shore up its finances and is open to agreeing an International Monetary Fund loan package if needed, Finance Minister Hany Kadry Dimian said on Thursday.
Abu Dhabi Securities Exchange (ADX) has listed the first set of government bonds worth $1.5 billion in assocation with Abu Dhabi’s Department of Finance (DOF), said a report.
It aims at building a bond market operating under
Emirates NBD (ENBD), Dubai's largest lender, has priced a 100 million New Zealand dollar ($77.6 million) five-year bond, in what the lender said was a first in the currency from a Middle Eastern borrower.
The six per cent coup
Mubadala GE Capital, the commercial financing joint venture between Abu Dhabi's Mubadala and US firm GE, is considering raising funds through bond markets, market sources told IFR.
The company, a 50/50 partnership between the
Aktif Bank, Turkey's largest privately owned investment bank, has received regulatory approval to issue 200 million lira ($91 million) in Islamic bonds, the Capital Markets Board said.
The lender will sell the sukuk to qualifi