Wednesday 4 March 2015
 
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BBK eyes bond issue to refinance $500m debt

Bank of Bahrain and Kuwait (BBK) is planning its first debt issue since 2010 to refinance an existing $500 million bond maturing in October, its chief executive has said. The offering by Bahrain's fourth-largest bank by assets

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Egypt to issue $950m 1-year Treasury bill

Egypt plans to issue a $950 million one-year Treasury bill open to both local banks and international financial institutions next week, the central bank said on Thursday. It said the auction deadline was January 12, and the dollar

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DME approves Mizuho Bank LCs from Singapore

Dubai Mercantile Exchange (DME) has approved Tokyo-headquartered Mizuho Bank to issue letters of credit (LCs) for trading on DME directly from Singapore. Mizuho Bank is the first Japanese banking entity to be authorised to issue D

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Himalayan implements new system to improve card issuing

Himalayan Bank, a leading private sector bank in Nepal, has implemented Cryptomathic’s data preparation system, CardInk and OMA Emirates’ personalisation software, NanoPerso, into its production environment to facilitate the issuance

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Dubai Parks and Resorts IPO oversubscribed

Dubai Parks and Resorts, a unit of Meraas Holding, said that the portion of its Dh2.53 billion ($689 million) initial share sale on offer to institutional investors had been many times oversubscribed. The entity, which is developi

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Dubai Parks and Resorts IPO oversubscribed

Dubai Parks and Resorts, a unit of Meraas Holding, said that the portion of its Dh2.53 billion ($689 million) initial share sale on offer to institutional investors had been many times oversubscribed. The entity, which is developi

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Qalaa to issue $560m shares by May for restructuring

Egypt's Qalaa Holding will issue shares worth four billion Egyptian pounds ($560 million) by May next year to advance a major restructuring of the loss-making investment fund, a company official said. Qalaa, one of Egypt's

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Sharjah 'won't return to capital markets'

Sharjah has no plans to become a regular issuer for now despite drawing demand more than 10 times the value of its $750 million debut sukuk issue, the director of its debt management office said yesterday. Although it is developin

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Goldman Sachs plans debut sukuk issue for $500m

Goldman Sachs is reviving plans to raise at least $500 million with its first issue of Islamic bonds, a sign that Islamic finance is going mainstream as big conventional banks seek to tap Middle Eastern money. The US bank will mee

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Bahrain hires 4 banks for new bond issue

Bahrain has hired four banks including Citigroup, Gulf International Bank and Standard Chartered to arrange a new sovereign bond issue expected to be launched before the end of the year. The government bonds are highly prized by financi

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