Saturday 27 December 2014
 
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Redemption

Jafza to raise $1.85bn for redemption

Dubai's Jebel Ali Free Zone (Jafza) plans to raise $1.85 billion towards the redemption of its $2-billion Islamic bond this year by issuing another sukuk and obtaining an Islamic financing facility, a source familiar with the plan said on Tuesday.

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Jafza seeks early $2bn sukuk repayment

Dubai's Jebel Ali Free Zone (Jafza) is seeking consent from holders of its $2 billion-equivalent Islamic bond, or sukuk, for early redemption of the certificates, the company said in a disclosure to Nasdaq Dubai on Wednesday. The state-lin

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Bank rules out debt redemption

Bahrain-based Gulf International Bank has said that its current intention is not to exercise the redemption option on its $400 million subordinated step-up floating rate notes due in 2015. The bank has the option to redeem the debt on the

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