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Emirates to repay two bonds totalling over $1.1bnEmirates Airline has announced that it will be closing two bonds in full this month, amounting to a total of $1.1 billion, which will be repaid from its own cash resources. The airline announced that it has repaid a bullet bond in More… |
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Emirates to repay two bonds totalling over $1.1bnEmirates Airline has announced that it will be closing two bonds in full this month, amounting to a total of $1.1 billion, which will be repaid from its own cash resources. The airline announced that it has repaid a bullet bond in More… |
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ADIB postpones finance instalments repaymentAbu Dhabi Islamic Bank (ADIB) has postponed monthly repayment for personal and auto finance customers during Ramadan. The payment break is being offered to ADIB customers to provide cash-flow relief during the holy month which is More… |
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Yemen c.bank sees no early repayment of $1bn Saudi loanSaudi Arabia has not asked Yemen for an early repayment of a $1 billion loan and Houthi fighters occupying Yemen's central bank are not interfering in its operations, Yemeni central bank governor Mohammed Bin Humam told Reuters. More… |
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Amlak’s debt restructuring proposal approvedDubai's Amlak Finance said on Thursday that a proposal to restructure its debt had been approved by all its creditors, and that shares in the mortgage lender would therefore resume trading on the emirate's stock market next year. More… |
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NBAD to repay $1.5bn UAE emergency fundsNational Bank of Abu Dhabi (NBAD), the UAE's largest lender by market value, said it will repay the entire amount of Dh5.6 million ($1.5 billion) it had received in emergency funds from the UAE government during the global financial crisis. More… |
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Global worries 'spark repayment fears in Mena'Uncertainty over the global economy is increasingly prompting Middle Eastern companies to use financial instruments which offset the risk of non-payment by foreign trade partners, HSBC's regional commercial banking head sai More… |
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Dana Gas ‘will not repay $920m sukuk’UAE-based natural gas firm Dana Gas will not repay a $920 million convertible Islamic bond when it matures on Wednesday and has reached a standstill agreement with bondholders, three sources said. Sharjah-based Dana, hit by paymen More… |
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Emirates repays $550m sukukEmirates airline, Dubai's flagship carrier, repaid in full a $550 million Islamic bond, or sukuk, at maturity on Monday, the company said in a statement. "The repayment of our first ever sukuk bond is part of Emirates' varied financing str More… |
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Emirates to repay $500m sukukDubai's Emirates, the fast-expanding Gulf airline, will repay in full a $550 million Islamic bond maturing later in June, a senior executive told local newspaper Gulf News. The sukuk that matures on June 16, will not be refinanced, Emi More… |
