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Gulf banks start to muscle in on global bond dealsWhen the Kenyan government issued a debut $2 billion Eurobond last month, most of the lead arrangers were top Western and African banks. But there was a standout: Qatar's QNB Capital. After decades during which banks from the More… |
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Abu Dhabi exchange signs bonds listing, trading dealAbu Dhabi Securities Exchange (ADX) has signed an agreement paving the way for bonds and other debt instruments to be listed and traded through the bourse, it said in a statement on Sunday. The introduction of debt listing and tra More… |
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Dubai ICD debut sukuk issue raises $1bnInvestment Corp of Dubai (ICD), the emirate's sovereign wealth fund, said it has successfully priced a dual tranche issue of $1 billion in total through a six year $700 million sukuk and a 10-year $300 million conventional bond. More… |
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Egypt could tap global bond market after pollsEgypt could tap global bond markets after presidential elections this month, but should the country be in dire need, it could seek aid from its wealthy Gulf neighbours, finance minister Hany Kadiri Dimian said. Political turmoil f More… |
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Tunisia eyeing $1.8bn new foreign bondsTunisia plans to issue around $1.8 billion in new foreign bonds with guarantees from the US and Japan, and a $435 million sukuk, this year, in major steps to help its economy to recover after its 2011 uprising. Three years after t More… |
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UAE sets rules for covered warrantsThe United Arab Emirates' financial market regulator has issued rules allowing the issuance and trading of covered warrants, a step towards developing its equities market. The Securities and Commodities Authority set condition More… |
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BCFC raises $53m through bond issueBahrain Commercial Facilities Company (BCFC), the largest consumer finance company in the kingdom, has raised BD20 million ($53 million) via a bond issue, said a report. The bonds have a maturity of five years with interest paid quarter More… |
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Qatar to sell $6.6 billion in bonds, sukukQatar's central bank plans to issue on Thursday conventional and Islamic government bonds worth a combined 24 billion riyals ($6.6 billion), it said on Monday, a much larger amount than it has offered in past quarterly debt auctions. More… |
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Fed cuts bond-buying in first step away from stimulusThe Federal Reserve on Wednesday embarked on the risky task of winding down the era of easy money, saying the US economy was finally strong enough for it to start scaling down its massive bond-buying stimulus. The central bank mod More… |
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Emaar approves bonds-to-shares conversionHolders of Dubai-based developer Emaar Properties' convertible bonds will receive 18.7 million new shares in the company after its board approved conversion of the instruments, the company said on Wednesday. Emaar issued $500 More… |
