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May 11, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Islamic bonds

Dubai Islamic Bank sells $1 billion in 5-year sukuk
Business & Finance

Dubai Islamic Bank sells $1 billion in 5-year sukuk

  • It sold the sukuk at 110 basis points (bps) over mid-swaps, tightened from initial guidance of around 135 basis points over mid-swaps.
  • DIB, a regular issuer in the international debt market, raised $500 million in April in a sukuk sale that set a record low rate for Additional Tier 1 (AT1) deals from the region.
Published 15 Jun, 2021 05:48pm
Dubai developer Emaar hires banks for dollar sukuk sale
Markets

Dubai developer Emaar hires banks for dollar sukuk sale

  • The builder of the world's tallest building, Dubai's Burj Khalifa, last issued international bonds in 2019, raising $500 million via sukuk.
  • The 10-year sukuk issued in 2019 at a rate of 3.875% traded at 101.3 cents on the dollar on Wednesday.
Published 02 Jun, 2021 07:35pm
Saudi Aramco lines up banks for bond sale
Business & Finance

Saudi Aramco lines up banks for bond sale

  • Aramco was widely expected to become a regular bond issuer after its debut $12 billion bond deal in 2019 was followed by an $8 billion, five-part transaction in November last year.
  • The energy giant is expected to raise up to $5 billion and the deal, which would be through sukuk, or Islamic bonds, is expected in the next few weeks.
Updated 02 Jun, 2021 06:54pm
Saudi mall operator Arabian Centres sells $650mn in sukuk
Markets

Saudi mall operator Arabian Centres sells $650mn in sukuk

  • The yield was tightened from initial guidance of around 5.875% after orders topped $1.35 billion, the document from one of the banks on the deal showed.
  • Sources told Reuters earlier this month that Arabian Centres, which operates 21 shopping centres across Saudi Arabia, was planning to raise $500 million via sukuk.
Published 30 Mar, 2021 09:01pm
Dana Gas seeks around $500mn to fund output expansion
Markets

Dana Gas seeks around $500mn to fund output expansion

  • Dana plans to raise its capacity in the Kurdistan Region of Iraq (KRI) to 900 million standard cubic feet per day (mmscfd) with two processing trains of 250 mmscfd each.
  • The total scope that we're looking at is probably another $500 million. But that would ... be split up between hopefully contractor financing, some bank debt and maybe this green bond.
Published 17 Feb, 2021 05:42pm