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Dubai’s MAF picks 4 banks for $1B sukuk programme

Majid Al Futtaim (MAF) Holding, the sole franchisee for hypermarket chain Carrefour in the Gulf, has picked four banks to set up a $1 billion Islamic bond programme, a prospectus issued by the Dubai-based mall developer showed.

January 8, 2012 10:36

Dubai bond rally is modestly positive for 2012

Although Dubai bonds have outperformed some high-grade Abu Dhabi credits, thin liquidity, lack of supply still put them at risk.

December 22, 2011 4:06

Bahrain’s Gulf International Bank prices $300M sukuk

Bahrain's Gulf International Bank has priced a three-year $300 million Islamic bond or sukuk at a profit rate of 130 basis points over six-month LIBOR, it said in a statement on Wednesday.

December 8, 2011 9:14

Creditors OK global investment bond payment delay to June

Kuwait's Global Investment House said on Wednesday bondholders have agreed to delay repayment of a 45 million dinar ($163 million) bond to next June from April.

December 7, 2011 12:30

Dubai’s Tamweel sets up $1B bond programme

Islamic mortgage lender Tamweel, badly hit by the global financial crisis and the region's property bust, has set up a $1 billion bond programme, according to a base prospectus.

December 6, 2011 10:21

Will Qatar’s bond issue close the issuance window for the rest of the GCC?

As Qatar's $5 billion bond issue shows the Gulf can still tempt investors to part with cash, the rest of the region the mega-sale won't be the last this year.

December 3, 2011 12:48

Qatar defies global gloom with $5B bond issue

The GCC sees its biggest bond issue this year with Qatar raising $5 billion, proving that the country remains an investment safe haven. Bonds will likely go to infrastructure projects.

November 30, 2011 2:57

Morgan Stanley favors UAE corporate bonds as ME picks

Bank favors Dewa, IPIC, TAQA bonds - analyst; Strong cash position, strategic importance key

June 8, 2011 9:33

Emirates repays $500 mln bond, on track for record year

Bond issued in 2004 with a seven year term; Results for H1 of 2010-11 incredibly robust – Chairman; Says on track for a record breaking financial year

March 27, 2011 4:49

Dewa says its $1.5bn bond not backed by government

The bond, expected to be issued in April, will not be guaranteed by the government, the CEO of the Dubai Electricity and Water Authority has clarified.

March 10, 2010 4:45