Gulf Bond and Sukuk Association

DUBAI: Islamic Development Bank, a Jeddah-based multilateral institution, has picked eight banks to arrange a series of meetings with fixed income investors ahead of a potential sukuk issue, lead managers said on Thursday.

Emirates NBD (ENBD), Dubai's biggest lender, plans to tap global debt markets for its first capital-boosting bond issue, as Gulf banks take advantage of tight pricing and high investor demand to shore up capital ratios.

MANAMA: Al Baraka Islamic Bank yesterday announced that it was raising $200 million through trust certificates in a Sukuk Al Wakala issue which will mature in 2015.

Commercial Bank of Dubai, or CBD, on Tuesday launched a $500 million, five-year debut international bond with a coupon of 3.375 per cent. The five-year bond had earlier attracted strong demand from investors, allowing it to price at the tight end of spread guidance of 250-270 basis points over mids

Egypt received a US$3 billion deposit from Qatar on Thursday, a central bank official said on Sunday, shoring up finances hit by economic turmoil since a popular uprising that toppled the government two years ago.

Can you have too much of a good thing? Islamic Business & Finance explores the dark side of Sukuk Sukuk has been championing the Islamic finance industry for the last two years, grabbing the attention of conventional markets with record issuances and access to the GCC's ample liquidity.

May 12 (Bloomberg) -- Amlak Finance PJSC, the Islamic mortgage provider restructuring more than $2 billion of loans, proposed to extend the maturity of the debt by 15 years and reduce the amount by 30 percent, two people familiar with the matter said.

The bellwether economy for emerging Europe has set its usual brisk pace in the international bond markets, but diversification is the watchword as it seeks to reduce its dollar dependency.

10 May 2013 Global credit rating agency Standard & Poor's has affirmed its long- and short-term foreign and local currency ratings on Qatar at 'AA/A-1+' with a stable outlook.