sukuk « 4/8 « | Kippreport.com

Investment Corp of Dubai sees no need for bond issue

The Investment Corporation of Dubai (ICD), the emirate’s sovereign wealth arm, has no current plan to issue a bond this…

May 20, 2012 9:39

Banque Saudi Fransi launches $750 million Sukuk

Launch spread at 185 bps over midswaps; Pricing tightened 15 bps from initial guidance; Sukuk to price Tuesday; first under new $2 billion programme

May 17, 2012 11:11

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

Saudi's Tasnee Eyes Debut Riyal Sukuk

Saudi Arabia's National Industrialization Company (Tasnee) will begin meeting investors next week ahead of a potential debut Islamic bond, or sukuk, the petrochemicals firm said in a regulatory filing.

May 1, 2012 9:33

Jafza in Advanced Talks to Refinance $2 Billion Sukuk

Dubai's Jebel Ali Free Zone (JAFZA) is in advanced talks with financial institutions over a financing package to meet its $2 billion-equivalent Islamic bond, or sukuk, maturity in November, the company said in a statement on Monday

April 30, 2012 3:26

Dubai Plans for 5 And 10 Year Sukuk Imminent

The government of Dubai plans to issue a benchmark Islamic bond, or sukuk, made up of a five-year and a 10-year tenor, arranging banks said on Tuesday.

April 24, 2012 2:58

Banque Saudi Fransi Sets Up $2 Billion Islamic Bond Programme

Banque Saudi Fransi has established a $2 billion Islamic bond, or sukuk, programme, a regulatory filing on the London Stock Exchange showed.

April 18, 2012 4:24

Fitch Rates Saudi Electricity Global Sukuk Company's Trust Certificates 'AA-'

Fitch Ratings assigned SEGC 2.665% USD500m trust certificates maturing in 2017 and 4.211% USD1.250bn trust certificates maturing in 2022 final 'AA-' ratings. The ratings are aligned with Saudi Electricity Company's (SEC) 'AA-' Long-term Issuer Default Rating (IDR)

April 4, 2012 4:12

Saudi Electric may go for long Sukuk tranche

Massive demand for Saudi Electric Co's (SEC) first international sukuk issue may prompt the company to include a rare long-dated tranche -- and could encourage issues by other utility companies in the Gulf.

March 26, 2012 4:28

Arcapita’s Chapter 11 isn’t for all Gulf companies

Bahraini investment house Arcapita's move to file for bankruptcy protection in the US is unlikely to prompt other regional firms to follow suit.

March 21, 2012 2:20

UAE cuts mortgage lender Amlak’s debt by $1.1B

The federal government has cut struggling Islamic lender Amlak's debt burden by $1.1 billion, the UAE economy minister said on Tuesday, in the latest effort to revive the Dubai mortgage provider whose stock has been halted since 2008.

March 20, 2012 10:59

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

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

Citi to advise Dubai’s JAFZA on $2B bond

Citigroup has been tapped to advise Dubai's main industrial free zone operator on its options for meeting a $2 billion Islamic bond maturity this year, including the potential sale of its UK based developer Gazeley, three sources said on Monday.

February 28, 2012 2:38

Abu Dhabi’s TDIC eyes asset sales to help meet 2014 bond

Abu Dhabi's government-owned Tourism Development Investment Company (TDIC), builder of branches of the Louvre and Guggenheim museums, is mulling asset sales to help repay $2 billion in debt maturing in 2014, its chief financial officer said.

February 27, 2012 12:53