Sunday 1 February 2015
 
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BBK eyes bond issue to refinance $500m debt

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

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BBK plans bond issue to refinance $500m debt

BBK, formerly known as Bank of Bahrain and Kuwait, is planning its first debt issue since 2010 to refinance an existing $500 million bond maturing in October, its chief executive said on Wednesday. The offering by Bahrain's fo

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Limitless nears deal with creditors for debt extension

Dubai government-owned property developer Limitless has secured the agreement of 85 per cent of its creditors for a three-month extension to a debt repayment due at the end of 2014 and for a proposed restructuring plan, its chairman said.

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Limitless nears deal with creditors for debt extension

Dubai government-owned property developer Limitless has secured the agreement of 85 per cent of its creditors for a three-month extension to a debt repayment due at the end of 2014 and for a proposed restructuring plan, its chairman said.

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Dubai World $14.6bn debt deal vote on March 17

The court administering conglomerate Dubai World's restructuring on Tuesday set March 17 as the provisional date for creditors to vote on whether to approve a $14.6 billion debt deal. The Dubai World Tribunal on Tuesday held i

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Bahrain opens govt debt sales through bourse

Bahrain has launched direct sales of local currency government debt through its securities exchange, in an effort to broaden the investor base for its debt as sliding oil prices put state finances under pressure. Bahraini and non-

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Circle Oil receives $15m payment from Egyptian govt

Oil and gas explorer Circle Oil said it had received a $15 million payment from the Egyptian government as part of Egypt's plan to pay off debts owed to energy companies operating in the north African nation. "This has re

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DIC launches sale of German aluminium group Almatis

Dubai International Capital (DIC) is launching the sale of German alumina products maker Almatis as the fund seeks to reduce its liabilities in the wake of a debt restructuring, three people familiar with the deal said. DIC has ma

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DIB to test Gulf debt markets post oil slump

Dubai Islamic Bank (DIB) will reopen the Gulf bond market next week with a capital-boosting sukuk, the region's first debt offering in two months as financial markets there wobbled under the impact of falling oil prices. A suc

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Tabreed confirms $708m debt facility

United Arab Emirates utility Tabreed said on Monday it had completed the refinancing of debt facilities worth Dh2.6 billion ($707.9 million), confirming a Reuters story published the previous day. The new long-term facility was ar

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