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Bahrain hires banks for dual-tranche dollar bondThe Kingdom of Bahrain is planning a dual-tranche, benchmark sized US dollar denominated bond issue, according to a lead. The sovereign has mandated Bank ABC, BNP Paribas, Credit Suisse, JP Morgan, Standard Chartered Bank to arran More… |
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AlBaraka Turk closes two financing dealsAlBaraka Türk Katılım Bankası has closed a $278 million and EUR154.5 million ($174.4 million) dual tranche syndicated murabaha financing facility. Bank ABC Islamic, Barwa Bank QSC, Emirates NBD Capital, Kuwait International B More… |
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$350m financing success for Turkish bankTurkey's Kuveyt Turk Katilim Bankasi has successfully closed a $350 million equivalent syndicated dual currency dual tranche murabaha financing facility. ABC Islamic Bank, Abu Dhabi Commercial Bank, Barwa Bank, Emirates NBD Ca More… |
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First tranche of Emaar malls IPO already coveredEmaar Properties said institutional investors have committed to buying all the shares offered to them in the flotation of its shopping malls business only a day after the initial public offering (IPO) was launched. Dubai's lar More… |
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Dubai bonds rally on investor confidenceDubai's sovereign bonds rallied this week, benefiting from good liquidity in the market as well as a rise of investor confidence in the high-flying emirate's ability to repay debts and sustain growth. Traders cited a general improv More… |
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Dubai's $1.25bn Islamic bond to price todayDubai is planning to raise $1.25 billion from a two-tranche Islamic bond sale on Wednesday, with final price guidance for both tranches tighter than indicated initially. The price range for the five-year portion was set at between 4.90 and More… |
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Taqa sells $1.5 billion in bondsState-run Abu Dhabi National Energy Co (Taqa) has sold $1.5 billion in bonds maturing in five and 10 years to refinance upcoming debt. The company issued $750 million in five-year bonds paying a premium of 330 basis points over comparable More… |
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Nakheel ends restructuring, to issue $1bn sukukDubai's Nakheel will issue the first tranche of a Dh4.8 billion ($1.31 billion) Islamic bond to trade creditors on Thursday, its chairman said, as the property firm completes a complex debt restructuring underway since 2009. Ali Rashid More… |
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Dubai in $23.5bn debt deal with core banksDubai World, the state-owned conglomerate, has reached a deal in principal to restructure $23.5 billion with its core lenders, clearing one hurdle for Dubai but leaving investors with other debt concerns. The deal, which requires no new su More… |
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Dubai may offer new debt at zero, low interestDubai World may offer creditors new debt tranches at zero or reduced interest in a plan to restructure $26 billion in debt, a UAE newspaper said on its website, citing bankers close to the situation. 'What they (Dubai World) came back More… |
