The Central Bank of Bahrain has announced that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al Ijara, has been fully subscribed by 100 per cent.
Subscriptions worth BD26.1 million ($68.7 million) were received
Saudi British Bank (SABB) is planning to sell a riyal-denominated sukuk that will boost its capital reserves, sources aware of the matter told Reuters on Thursday, with an announcement set to be made as early as next week.
The current makeup of Saudi Arabia’s debt market, and the options for large enterprises looking to raise funds formed the focus for a discussion at the Euromoney Saudi Arabia Conference which concluded yesterday (May 6) in Riyadh.
National Shipping Company of Saudi Arabia (Bahri) plans to make a debut sukuk issue worth up to SR3.9 billion ($1.04 billion) this quarter, the company's vice chief executive officer for finance Mohammad Alotaibi said.
Dubai's Noor Bank has launched a $500 million, five-year debut sukuk issue that will price later on Tuesday, a document from lead arrangers showed.
The transaction was set to price at a spread of 130 basis points over midswaps
The Islamic Corporation for the Development of the Private Sector (ICD), an arm of the Jeddah-based Islamic Development Bank, said it would lead manage a 300 billion CFA franc ($480 million) Islamic bond programme for Ivory Coast.
Senegalese President Macky Sall has asked the Saudi Arabia-based Islamic Development Bank (IDB) to help the West African country tap the Islamic finance market for a second time as it seeks to organise financing for infrastructure projects.
The Malaysian Islamic banking arm of HSBC Holdings has raised 750 million ringgit ($205 million) from the sale of a five-year Islamic bonds (sukuk) at a yield of 4.24 per cent, IFR reported.
The sale is the third tranche of the le
The UAE emirate of Ras al-Khaimah has launched a $1 billion, 10-year sukuk that will price later on Tuesday, a document from lead arrangers showed.
The transaction was set to price at a spread of 110 bps over midswaps, which is at
Emirates, the Dubai-based airline, has set initial price thoughts for a $913 million sukuk issue that will be guaranteed by Britain's export credit agency and may price as early as Wednesday, a document from lead arrangers showed.