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Islamic bond

Dubai's DMCC launches Islamic Commodity

Dubai hosts first Islamic commodity trade

DMCC, Dubai's government-owned commodities centre, hopes the maiden transaction encourages others to follow, says executive chairman Ahmed Bin Sulayem

March 26, 2013 1:57
 
Dubais-DIFC-investment-gets-1.04-billion-loan-to-repay-Islamic-bond

Dubai Emirates Islamic picks banks for benchmark USD bond

Dubai's Emirates Islamic Bank, a unit of Emirates NBD, has picked banks for a potential benchmark-sized dollar sukuk, or Islamic bond, lead arrangers said on Tuesday.

July 4, 2012 11:07
 
UAE's Dana gas shuffles board amid debt talks

UAE’s Dana Gas shuffles board amid debt talks

Sharjah-based Dana Gas, the energy firm which has a $1 billion Islamic bond, or sukuk, due in October, has appointed a new chairman, it said in a bourse filing on Sunday.

June 10, 2012 5:50
 
Dubai JAFZA

Dubai JAFZA to raise $1.85 billion for redemption

The source, who declined to be named ahead of any official announcement, said JAFZA aimed to raise $650 million from the new sukuk and $1.2 billion from the Islamic facility.

June 6, 2012 12:08
 
Dubais-DIFC-investment-gets-1.04-billion-loan-to-repay-Islamic-bond

Dubai’s DIFC investment gets $1.04 billion loan to repay Islamic bond

DIFC Investments signs $1.04 billion loan to fund sukuk repayment; Dual-tranched loan priced at 380 bps over LIBOR; Timely sukuk repayment helps rebuild Dubai's investor image

June 4, 2012 11:06
 
Dubai Sukuk to Fund Airport Expansion

Dubai Sukuk to Fund Airport Expansion

Etihad Airways has bought a three percent stake in Irish airline Aer Lingus as a precursor to a commercial tie-up that could help Abu Dhabi's flagship carrier gain more European routes to catch up with Middle Eastern rivals

May 1, 2012 3:28
 
Dubai Prices $1.25 Billion Islamic Bond at Par

Dubai Prices $1.25 Billion Islamic Bond at Par

The government of Dubai priced a $1.25 billion two-tranche Islamic bond, or sukuk, on Wednesday, at par. A $600 million five-year tranche was priced at 4.90 percent and a 10-year portion was priced at 6.45 percent, in line with launch guidance released earlier that day.

April 26, 2012 10:50
 
Dubai's $1.25 Billion Islamic Bond to Price Wednesday

Dubai's $1.25 Billion Islamic Bond to Price Wednesday

Dubai 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.

April 25, 2012 2:59
 
Saudi’s Almarai raises $267M debut sukuk

Saudi’s Almarai raises $267M debut sukuk

Saudi Arabia's Almarai Co, the Gulf's biggest dairy firm by market value, raised 1 billion riyals ($266.6 million) through a sukuk, or Islamic bond, issue on March 7, the firm said in a bourse statement on Sunday.

March 12, 2012 1:56
 
MidEast sukuk issuance seen over $14B in 2012 – HSBC

MidEast sukuk issuance seen over $14B in 2012 – HSBC

The issuance of Islamic bond, or sukuk, in the Middle East could reach over $14 billion this year, according to HSBC, as investor demand and the relatively lower volatility of the asset class drive sales.

March 7, 2012 2:02
 
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