Fixed Income News

(Photo Credit: Arabianeye-Reuters)
13 April 04:26 PM Global sukuk demand passes $33bn - Saudi MoF
Riyadh – Mubasher: The Saudi Ministry of Finance (MoF) said it received strong demand from investors for its first global issue under the sukuk programme. Total subscription orders for the sukuk surpassed $33 billion (SAR 123.75 billion), the …
DIB’s sukuk offering attracted more than $2 billion (Photo Credit:  KFH Capital Press Release)
10 April 02:04 PM KFH Capital participates in DIB & Hong Kong’s sukuk issues
Kuwait – Mubasher: KFH Capital, a fully owned subsidiary of Kuwait Finance House Group (KFH-Group) acted as joint lead manager and book runner for Dubai Islamic Bank’s (DIB) $1 billion benchmark sukuk issue, under DIB's $5 billion Sukuk Programme. …
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6 April 01:35 PM Report: Emerging markets raised $181bn in bonds in Q1
Cairo - Decypha: The borrowers of emerging markets have registered $181 billion in international bond issuance in Q1 2017, exceeding previous levels. The sovereign issuance hiked to $61.5 billion from year-to-date; $16 billion more than the …
Photo Credit: Press Release
5 April 03:50 PM CBK offers KWD 240m in bonds at 1.6% yield
Kuwait – Mubasher: The Central Bank of Kuwait issued bonds worth KWD 240 million ($785.6 million) on Tuesday to regulate liquidity, Al Nabaa newspaper reported. The new bonds, due 3 October, stand at a yield of 1.625%, and were covered four times …
MoF
5 April 01:30 PM MOF: Kuwait to continue issuing international bonds to fix budget gap
Kuwait – Decypha: Kuwait will address budget deficit occurred, as a consequence of low international oil prices, through increasing international borrowing. After raising $8 billion from the first international bond issue in March, Kuwait plans to …
A Gulf Navigation vessel (Photo Credit: Company website)
4 April 12:18 PM Gulf Navigation to discuss $250m sukuk issue 19 April
Dubai – Mubasher: Gulf Navigation on Tuesday said its shareholders will convene on Wednesday, 19 April, to discuss the issue of sukuk, as well as several other items on the agenda. Shareholders will consider the issue of senior unsecured sukuk …
(Photo credit: Bank website)
4 April 11:19 AM QIIB AGM approves dividends, issues sukuk
Doha - Mubasher: Qatar International Islamic Bank’s (QIIB) annual general meeting (AGM) approved the board’s recommendation of distributing 40% of its capital as cash dividends for 2016, at QAR 4 per share. The AGM also approved the financial …
An ADIB branch (Photo Credit: Arabianeye-Reuters)
4 April 10:49 AM ADIB launches 2nd tranche of capital-protected equity investment
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) on Tuesday announced launching the second tranche of the popular Equity Basket Note 3 investment note linked to a basket of global blue chip stocks. The Sharia-compliant note will mature in 12 …
The Egyptian Ministry of Finance (MoF) - the Ministry of Finance (MoF)
3 April 07:30 PM Returns on Egyptian treasury bonds rise
Cairo – Mubasher: Returns on the Egyptian government’s treasury bonds have increased at Monday’s auction, according to data released by the Ministry of Finance (MoF). The ministry said that the average return on the three-year bonds reached …
Photo Credit: Arabianeye-Reuters
2 April 10:26 AM ABK issues Tier 1 of $1.5bn EMTN
Mubasher: Al Ahli Bank of Kuwait (ABK) has launched its $1.5 billion worth Euro medium-term note (EMTN) programme, according to a bourse statement issued on Sunday. The bank issued the Tier 1 bonds at a value of $500 million, in coordination with …
(Photo Credit: Arabianeye-Reuters)
29 March 12:20 PM CBB monthly treasury bills subscribed by BHD 35m
Mubasher: The monthly issue of governmental treasury bills has been subscribed by BHD 35 million, the Central Bank of Bahrain (CBB) announced in a statement on Wednesday. The interest rate stood at 2.36% compared to the interest rate of the …
(Photo credit: Arabianeye-Reuters)
27 March 02:42 PM CBK invests $36m in Kuwaiti bonds
Kuwait – Mubasher: The Commercial Bank of Kuwait (CBK) is taking part in Kuwaiti sovereign bonds with $36 million, local newspaper Al Qabas reported on Monday. The bank offered to subscribe in the bonds with $300 million, but the bonds' lead …
Photo Credit: Arabianeye-Reuters
27 March 02:38 PM Bahrain BHD70bn T-bills subscribed
Bahrain - Mubasher: The Central Bank of Bahrain (CBB) said that this week’s issue of treasury bills, which is worth BHD 70 million, has been oversubscribed by 162%, according to a statement. The bills, carrying a maturity of 91 days, are issued by …
Ministry of Finance headquarters in Cairo (Photo credit: Arabianeye-Reuters)
21 March 02:58 PM $4bn foreign investments in government debt post-flotation - Official
By: Mostafa Adel Cairo – Mubasher: Foreign investments in the Egyptian government's debt instruments rose to $4 billion between November 2016 to date, said deputy finance minister for fiscal policies on Tuesday. Speaking at the …
ADCB's 5-year issue was arranged by JP Morgan Chase and Co. (Photo credit: Arabianeye - Reuters)
20 March 08:55 AM ADCB issues 5-year Formosa bond
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) raised $230 million through the issue of a 5-year Formosa bond, Reuters reported. This is the second issue sold in Taiwan this quarter. ADCB's 5-year issue was arranged by JP Morgan Chase and …
The Central Bank of Egypt - (Photo Credit: Arabianeye-Reuters)
18 March 10:35 PM CBE to issue EGP11bn treasury bills Sunday
Cairo - Mubasher: The Central Bank of Egypt (CBE) will issue on Sunday treasury bills worth EGP 11 billion, in coordination with the ministry of finance (MoF) to support the country’s budget deficit. The treasury bills will be issued through two …
The bank collected around $1.3 billion - (Photo Credit: Press Release)
18 March 02:48 PM Warba Bank issues $250m mudaraba sukuk
Kuwait - Mubasher:  Warba Bank announced the successful issuance of their $250 million Mudaraba Sukuk Certificates, according to a joint press release. The callable $250 million perpetual sukuk was issued at a coupon rate of 6.50% with the first …