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Jafza repays $2bn Islamic bondDubai state-owned industrial hub Jebel Ali Free Zone (Jafza) repaid in full a 7.5 billion dirhams ($2.04 billion) Islamic bond, or sukuk, on June 21, five months ahead of maturity, a regulatory filing from the company said on Sunday. The e More… |
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Jafz issues $650m sukuk due 2019Jebel Ali Free Zone (Jafz) announced that it has successfully priced the issuance of $650 million sukuk certificates due 2019, marking the company’s first US dollar-denominated issuance and first transaction in the international debt capital marke More… |
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Dubai's Jafza picks banks for new sukukDubai's Jebel Ali Free Zone (Jafza) has picked seven banks to arrange a new sukuk, lead managers said, with at least $500 million likely to be raised to part-repay the firm's 2012 sukuk obligation. Along with a $1.25 billion sukuk More… |
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Moody's changes Jafza outlook to developingMoody's Investors Service today (May 9) changed Jebel Ali Free Zone’s (Jafza) outlook to developing from negative for the Corporate Family (CFR) and Probability of Default Rating (PDR). It also affirmed the B2 CFR and PDR as well as th More… |
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$272m worth drug haul by Dubai CustomsDubai Customs has foiled an attempt to smuggle 91 million Tramadol tablets, with a total value of about Dh1billion ($272 million). The drug is prohibited to be used outside its normal medical use, said a statement.The More… |
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Jafza in talks to refinance $2bn sukukDubai's Jebel Ali Free Zone (Jafza) is in advanced talks with financial institutions over a financing package to meet its $2 billion-equivalent Islamic bond, or sukuk, maturity in November, the company said in a statement on Monday. &nb More… |
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Jafza eyes $900m syndicated loanDubai's Jebel Ali Free Zone (Jafza) is preparing to launch a large syndicated loan to partly refinance its $2 billion Islamic bond that matures in November, bankers familiar with the deal said. Jafza, which runs an industrial free zone More… |
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Jafza 'presents $2bn debt plan to creditors'Dubai's Jebel Ali Free Zone (Jafza) has proposed a three-part refinancing plan to creditors for its $2.04 billion Islamic bond which matures in November, a report said on Tuesday. The state-linked industrial free zone held a meeting with b More… |
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Alderley to expand production facilitiesAlderley, a leading engineering company operating in the oil and gas industries, has announced plans for the construction of a new office block and modernisation of its production facilities at its site in Jebel Ali Free Zone, Dubai. The d More… |
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Dubai unlikely to support Jafza bond: S&PPotential government support for Dubai World unit Jebel Ali Free Zone (Jafza) to meet its $2.04 billion Islamic bond maturity next year is less likely due to a more complex legal structure, a Standard & Poor's' analyst said. Th More… |
