12082016Thu
Last update: Thu, 08 Dec 2016 05am

Managed Funds

Business & Finance - Managed Funds

Etihad Airways sets final size of five-year sukuk at $1.5bn DUBAI: Etihad Airways has set its planned five-year sukuk at $1.5 billion, the upper end of an expected range of $1.25 billion to $1.5 billion, banks leading the transaction said on Wednesday. The UAE airline set the final spread for its debut Islamic debt issuance at 210 basis points over midswaps, after one bank involved said on Tuesday that final pricing was seen at around 215 basis points over midswaps. Allocation of the privately placed bond is expected to start on Wednesday and the bond will price immediately afterwards.The sukuk is being arranged by HSBC, JP Morgan and National Bank of Abu Dhabi. The bookrunners are Abu Dhabi Islamic Bank, Dubai Islamic Bank and First Gulf Bank. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Etihad Airways sets spread for $1.25bn-$1.5bn sukuk sale DUBAI: Etihad Airways has set the final spread for its five-year sukuk bond sale at 210 basis points over midswaps, according to a document released by the banks leading the transaction and seen by Reuters. On Tuesday, it set the final guidance in the area of 215 basis points over midswaps. The Islamic bond sale will be between $1.25 billion and $1.5 billion, subject to confirmation of all commitments, according to the document.HSBC, JP Morgan ...

Business & Finance - Managed Funds

Saudi long bond shines in volatility after Trump win DUBAI: Saudi Arabia's 30-year bonds are outperforming other Gulf debt during volatility triggered by Donald Trump's election as US president, a sign of unsatisfied demand for Saudi debt and a good omen for issuance expected from Riyadh next year. The week to Nov. 16 saw the largest outflows from emerging market debt on record, according to Bank of America Merrill Lynch, partly because Trump's election fuelled expectations of inflationary economic policy and higher US interest ...

Business & Finance - Managed Funds

Germany's two-year bond yield hits record low on scarcity fears LONDON: Germany's two-year government bond yield hit a fresh record low on Wednesday on expectations that the European Central Bank will extend its asset purchase programme beyond March 2017 and exacerbate a scarcity of tradable debt in the market.The two-year German government bond fell as low as minus 0.74 percent at 0715 GMT, having dipped below minus 0.70 percent for the first time in months on Tuesday.ING strategists attributed the move to "increasing collateral scarcity". ...

Business & Finance - Managed Funds

Czechs to auction up to CZK 16bn in bonds in December PRAGUE: The Czech Finance Ministry will offer up to 16 billion crowns ($630.00 million) worth of domestic government bonds in four primary auctions taking place in December, the ministry said on Monday.The ministry also confirmed the maximum expected nominal value of bonds sold in auctions in the fourth quarter was planned at 80 billion crowns.The ministry added it would offer up to 15 billion crowns worth of short-term Treasury bills through three auctions scheduled for ...

Business & Finance - Managed Funds

JGB yields rise to 9-month high, feeling the tug of US Treasuries TOKYO: Japanese government bond yields rose to nine-month highs on Friday, feeling the strong tug of their surging US counterparts, in developments expected to test the Bank of Japan's (BOJ) resolve to control the yield curve. The benchmark 10-year JGB yield was up 3 basis points at 0.035 percent after briefly rising to 0.040 percent, its highest since Feb. 9. The yield had climbed to 0.035 percent midweek before the BOJ conducted on Thursday a ...

Business & Finance - Managed Funds

Romania sells April 2024 treasury bonds at 3.13pc yield BUCHAREST: Romania sold a lower than planned 154 million lei ($36.56 million) worth of April 2024 treasury bonds on Monday, at an average accepted yield of 3.13 percent, central bank data showed. Debt managers, who had planned to sell 300 million lei, last sold the paper in October at an average yield of 2.86 percent. On Thursday, bids totalled 239 million lei. So far this year, the ministry has sold roughly 42.7 billion lei and ...