The bond, Bahrain's first conventional issue since 2010, was launched at a spread of 437.5 basis points over midswaps; earlier guidance had signalled the deal would price between that level and 450 bps over midswaps.
June 27, 2012 7:18
Olayan Group, one of the largest conglomerates in Saudi Arabia, has concluded its maiden issue of an Islamic bond, or sukuk, two sources with knowledge of the matter said on Tuesday.
June 27, 2012 9:58
Gulf-based sukuk funds grow 31 pct in 2011; But half of them account for 91 pct of assets; Aggregate size tiny compared to sukuk market; Funds' turnover ratios generally low; Industry still lacks firm that originates and underwrites
June 21, 2012 5:19
The sukuk that matures on June 16, will not be refinanced, Emirates' President Tim Clark said in a interview with the Dubai-based paper in Beijing.
June 13, 2012 10:01