European investors will be one of the governmentâ€™s main targets when it sells its upcoming US dollar-denominated global Islamic bonds (sukuk), a finance ministry official has said.
GULF FINANCE HOUSE PLANS SUKUK ISSUE
MANAMA: Gulf Finance House (GFH), Bahrain-based Islamic investment bank, plans to issue a sukuk or arrange new debt facilities of up to $500 million, it was announced yesterday.
Jordan, US to sign deal on new sovereign bond issuance late April
AMMAN â€” Jordan and the US have agreed on the terms and conditions of issuing government bonds in US dollar in New York after completing the legal requirements for the issuance, a senior official has said.
Kuwait's Burgan Bank said to hire banks for potential bond deal
Kuwait's Burgan Bank is said to have hired HSBC, KAMCO and NBK Capital for a potential bond deal, according to bankers.
Dubai Boom Bypasses Developer as Loan Goes Sour: Islamic Finance
April 9 (Bloomberg) -- The United Arab Emirates property boom may be passing Limitless LLC by as the developer that split off from Dubai World in the fallout following the 2008 credit crunch seeks to delay a loan payment.
Emaar Misr considering sukuk, other finance options-senior source
Emaar Misr for Development is looking at financing options to develop projects in Egypt, including Islamic bonds (sukuk) and an initial public offering, a senior company official told Zawya.
Nasdaq Dubai lists first Gulf Reit stock
Emirates ReitÂ’s shares begin trading at $1.36 Nasdaq Dubai on Tuesday became the first exchange in the GCC to list a real estate investment trust, or Reit, as trading began in Emirates Reit following its successful initial public offering, which was 3.5 times oversubscribed and raised $175 million.
Taqa weighs bond as state lineage beats Canada woes
Abu Dhabi National Energy Co is weighing a bond sale to repay debt, betting borrowing costs will keep falling as investors prioritise the utilityÂ’s state backing over losses stemming from a write-down at its Canadian unit.
UAE cenbank to bring in overnight lending facility
The central bank of the UAE will introduce on April 15 a mechanism allowing the country's banks to borrow funds from it overnight, to help their liquidity management.