Kuwait's Burgan Bank plans to raise up to 150 million Kuwaiti dinars ($531 million) through a conventional bond early next year to fund its expansion in the Mena region, its chairman said on Monday.
"We will appoint banks
The Federal Reserve extended its support for a slowing US economy on Wednesday, sounding a bit less optimistic about growth and saying it will keep buying $85 billion in bonds per month for the time being.
In announcing the widely
Egypt's financial regulator plans measures by early next year that would allow the launch of exchange-traded funds, spur bond trading and cut red tape to stimulate growth in an economy hammered by nearly three years of political turmoil.
Topaz Marine, a unit of Oman's Renaissance Services, priced its $350 million debut bond, a statement from the parent firm said on Sunday, in a rare high-yield transaction from the Gulf region.
The five-year offering carr
Topaz Marine, a unit of Oman's Renaissance Services, is expected to price its debut $350 million bond on Friday after releasing initial price guidance for the debt offering, a document from lead managers said.
The bond, which
Qatar National Bank (QNB), the largest listed lender in the Gulf, said it raised $1.5 billion from a two-part bond sale, underscoring investor demand for debt offerings from top-tier names in the region.
QNB, part-owned by the Gul
Dubai's Majid Al Futtaim will price its $500 million hybrid bond at a yield of 7.125 per cent, the tight end of guidance, bankers on the deal said on Wednesday, adding that final books had topped $4.1 billion.
Earlier in the d
Majid Al Futtaim (MAF) has opened books on its upcoming issue of a US dollar-denominated hybrid bond, according to one of the lead managers.
The company has set initial price thoughts of low- to mid-7 per cent for the perpetual no
Dubai's Majid Al Futtaim (MAF) will host global investor calls on Monday and Tuesday, as it revives plans to issue a US dollar-denominated hybrid bond it originally marketed in May.
The company, which operates Carrefour stores
Qatar's Al Khaliji Commercial Bank has completed its maiden international bond, pricing a $500 million five-year offering, a document from lead managers said.
The country's sixth-largest lender by marke