Tag: Sukuk
Binghatti’s First Bond Market Debut Soars at Over 200% Subscription
The leading Dubai real estate developer Binghatti, has achieved a significant milestone with the successful launch of its inaugural USD 300 million 3-year Sukuk...
Majid Al Futtaim Sets A New Standard in Sustainable Financing with...
Continuing its regional leadership in responsible financing, Majid Al Futtaim issues new Green Sukuk.
Majid Al Futtaim has raised $500 million to refinance part of...
FAB Issues Five-year USD 500 Million Sukuk
Lowest-ever yield on any five-year MENA bank USD issuance
Issued at MS+90bps (all-in yield of 1.411%)
Three times over-subscribed with total orderbook of circa USD 1.5...
MENA could issue over USD 80 billion of debt in 2019,...
• JP Morgan EMBI inclusion (31 January) likely to attract more than USD 30 billion in inflows to GCC bonds
• Local and hard currency...
Emirates Set to Close US$600 Million Sukuk
Emirates is pleased to announce a successful execution of a US$600 million sukuk (Islamic finance issuance). The issuance received a good response from both...
Emirates to Mandate Banks for Investor Meetings
Emirates, the world’s largest international airline, has mandated Citi and Standard Chartered Bank as Global Coordinators and Joint Lead Managers, along with Abu Dhabi...
2017 Sees a Record High Number of IPOs in GCC
A surge in number of floats in the GCC following the launch of the Parallel Market in Saudi Arabia creating a new platform for...
Emaar Properties lists USD 750 million Sukuk on Nasdaq Dubai
Emaar Properties listed a 750 million US dollar Sukuk today on Nasdaq Dubai, the region's international financial exchange.
The listing has raised the total value...
Emirates set to close US$913 million Sukuk
*Offer attracted orders exceeding US$3.2 billion and was 3.6 times oversubscribed
Emirates is pleased to announce the successful pricing of US$913,026,000 Certificates due 2025 (the...
Government of Sharjah Issues Debut 10-year Sukuk
The Government of Sharjah has today announced the issuance of its debut transaction in the Debt Capital Markets, a US$ 750 million 10-year Sukuk...
Nasdaq Dubai to launch bond trading platform
NASDAQ Dubai, the Middle East's international financial exchange, is preparing to open a platform on which investors can trade Sukuk (Islamic bonds) and conventional...
Emirates repays US$ 550 Million Sukuk in full
Emirates airline announced today that it has repaid a US$ 550 million sukuk bond in full on its maturity date 18 June, 2012. The...
DFM lists two Sukuk issues for the Government of Dubai
Dubai Financial Market ( DFM ) announced on Monday the listing of two Sukuk issues for the Government of Dubai with a total value...
Dubai to launch sovereign bond of up to $1.5 billion
Dubai has mandated four banks for a sovereign bond issue of up to $1.5 billion. The bond may be launched this week, two sources...
Sukuk market for GCC companies continues to expand
According to a report by the Kuwait Finance House (KFH), sukuk issuance worldwide amounted to about US $5 billion in July, down from the...
Emirates NBD Asset Management fixed income funds perform strong
Emirates Islamic Money Market Fund ranks amongst top
10 per cent of US Dollar Money Market funds globally
Sharia-compliant Emirates ...
Emaar Properties Launches $500M 5.5-Yr Sukuk; 8.5% Pft Rate
Emaar Properties launches a benchmark dollar-denominated bond as part its $2 billion Islamic bond program.
Benchmark bonds are typically at least $500 million in size.
Market...
DMCC successfully redeems US$200 million sukuk
Final US$20 million repayment on five-year Islamic bond made on schedule
Demonstrates underlying financial strength of DMCC
Underscores rapid growth...