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Aabar faces cost jump for loan refinancing dealAbu Dhabi state fund Aabar Investments, weakened by a slump at key assets, faces a near doubling in borrowing costs as it closes in on a refinancing package to repay a $2 billion loan due in May, banking sources said. The fund, th More… |
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Spain borrowing costs soar as EU ponders aidSpain's medium-term borrowing costs spiralled to a euro-era record at an auction on Thursday, hours before an independent audit was due to reveal how big a capital hole in Spanish banks needs to be filled by a euro zone bailout. Euro zone More… |
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Spanish bailout could reach $125bnA bailout for Spain's teetering banks, once requested by Madrid, could amount to as much as 100 billion euros ($125 billion), two senior EU sources told Reuters on Saturday. Spain has not yet made a formal request for European aid but More… |
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Gulf govts may aid firms' fund-raising next yearGulf Arab governments may be pressured into increasing sovereign borrowing next year to raise funds on behalf of state-linked companies, as wide credit spreads make raising corporate debt expensive. This year, Bahrain, Qatar and Dubai issu More… |
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UAE issues draft short-selling, borrowing rulesThe United Arab Emirates' market regulator has published new draft rules on short-selling and borrowing, asking investors for feedback, as it looks to boost dwindling trade and attract more foreign investment. The Securities and Commod More… |
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China tells US ‘good old days’ of borrowing overChina bluntly criticised the US on Saturday one day after the superpower's credit rating was downgraded, saying the "good old days" of borrowing were over. Standard & Poor's cut the US long-term credit rating from top-tier AAA by a not More… |
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24pc of Saudis late on re-paymentsA quarter of Saudi borrowers have fallen behind on loan repayments, affecting some 200 financial institutions, the head of a credit bureau said. Consumers who have fallen behind make up 24 percent of borrowers in the kingdom, Nabil Al-Mub More… |
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QNB's $1.85bn loan sets regional recordQatar National Bank has signed a $1.85 billion five-year syndicated term loan, the largest credit raised for a Middle Eastern bank, the bank said. The deal was increased twice in syndication from an initial $1.6 billion after a strong top- More… |
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Sabic $6bn borrowing plan on trackSaudi Basic Industries Corp (Sabic) said on Sunday it was on track to borrow $6 billion this year for an industrial complex despite credit market turmoil that forced it to cut a planned bond in half last month. Sabic, the world's largest c More… |
