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Topic

Islamic bonds

Indonesia forex reserves rise to $137.1b in June

Indonesia forex reserves rise to $137.1b in June

Published 07 Jul, 2021 10:49am
  • The rise came despite the rupiah coming under pressure in June amid global market volatility after the US Federal Reserve turned hawkish on stimulus withdrawal plans
Turkey expected to sell $2.5bn in 5-year sukuk

Turkey expected to sell $2.5bn in 5-year sukuk

Published 15 Jun, 2021 07:45pm
  • It set the yield for the Turkish sukuk at 5.125%, tightened from an initial price guidance of around 5.5%, the document from one of the banks on the deal showed.
Dubai Islamic Bank sells $1 billion in 5-year sukuk

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

Published 15 Jun, 2021 05:48pm
  • 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.
Dubai developer Emaar hires banks for dollar sukuk sale

Dubai developer Emaar hires banks for dollar sukuk sale

Published 02 Jun, 2021 07:35pm
  • 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.
Saudi Aramco lines up banks for bond sale

Saudi Aramco lines up banks for bond sale

Updated 02 Jun, 2021 06:54pm
  • 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.
Saudi mall operator Arabian Centres sells $650mn in sukuk

Saudi mall operator Arabian Centres sells $650mn in sukuk

Published 30 Mar, 2021 09:01pm
  • 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.
Dana Gas seeks around $500mn to fund output expansion

Dana Gas seeks around $500mn to fund output expansion

Published 17 Feb, 2021 05:42pm
  • 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.
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