Bank of Bahrain and Kuwait (BBK), Bahrain’s fourth-largest bank by assets, is raising its capital by BD100 million (approximately $265 million) through an issue of convertible bonds, it has emerged. The proposal to launch the convertible
Bahrain is working with banks about a potential re-tap of a dollar-denominated two-part bond issued late last year, sources with knowledge of the deal told Reuters on Wednesday.
The finances of the small energy exporter, with less
The final quarter (Q4) of 2015 echoed the sluggish IPO (Initial Public Offering) performance in Q3 proving that 2015 was a volatile year for IPOs in the GCC, said experts, highlighting that Saudi Arabia witnessed the only IPO during Q4.
Burgan Bank, Kuwait's third-largest lender by assets, has picked two arrangers for a potential KD100 million ($329.4 million) bond, for which marketing to investors could start as soon as this week, sources aware of the matter said.
Hard-currency bond sales by Middle Eastern and African companies will reach a record high in 2016, but overall Eurobond issuance by emerging market governments and companies is likely to shrink from this year's levels, JPMorgan predicts.
The government of Oman has invited banks to participate in a $1 billion sovereign loan, two sources aware of the matter said on Sunday, as the Gulf country seeks funds at a time of stretched state finances due to lower oil prices.
National Bank of Kuwait (NBK) has issued KD125 million ($410.4 million), 10NC5, Subordinated Tier 2, Basel III compliant bonds.
The issuance represents the first investment grade-rated (Baa1 by Moody’s) B
Bahrain has begun marketing a dual-tranche US dollar-denominated benchmark-sized bond, according to a source.
The issuer is seeking to sell a January 2021 bond at a yield in the high 5 per cent region, and a January 2026 bond at 7
Saudi Arabia aims to start selling bonds in the international market as soon as next year as it seeks new ways to cover a budget deficit caused by low oil prices, banking industry sources said on Tuesday.
The sources, who have bee
Luxury car manufacturer Jaguar Land Rover will celebrate its vehicles’ role in the highly anticipated Bond adventure, Spectre, at the Dubai International Motor Show 2015, to be held next month, in Dubai, UAE.
The motor show