Kuwait's National Industries Group (NIG) said on Tuesday it had received regulatory approval to raise KD25 million ($82.9 million) through a bond sale.
The transaction will have a lifespan of five years and pay a floating rate
Oil producer Gulf Keystone Petroleum said on Thursday it would have to make use of a grace period for an upcoming bond interest payment, sending its shares down as much as 35 percent.
The company, whose main as
Bank of Sharjah is seeking shareholder approval for the issuance of bonds worth up to $1.5 billion, the lender told the bourse on Wednesday.
Assent will be sought at a shareholder meeting to be held on Apr. 30, the statement showe
Bahrain-based Bank of Bahrain and Kuwait (BBK) has launched a BD100 million ($265.3 million) convertible bonds issue to boost its capital ratios, said a report in the Gulf Daily News (GDN), our sister publication.
Dubai Holding Commercial Operations Group (DHCOG) did not buy back any of its £500 million 6 per cent 2017 notes from investors as holders demanded a premium over the price it was willing to buy at, it said in a bourse filing on Monday.
First Gulf Bank, the largest lender by market value in the UAE, has obtained shareholder approval to issue debt, it said in a bourse filing on Monday.
The bank received approval from its investors to authorize the board "to i
Kuwait Projects Co (Kipco), a leading investment company, will meet fixed-income investors from March 1 in preparation for a potential dollar bond issue, a document from lead arrangers showed.
The company, whic
Bahrain launched a $600-million, two-part bond sale on Tuesday, offering a higher yield than it did for a $750-million debt sale that was cancelled last week after the kingdom's credit rating was downgraded by Standard & Poor's.
The Bahrain government has cancelled a $750 million bond sale after Standard & Poor's downgraded its credit rating of the kingdom.
"The Issuer has determined to not proceed with the offering announced on 16 February 2