Tagged: Emirates NBD

Dubai to issue 10-yr dollar sukuk Tuesday – leads

Dubai to issue 10-yr dollar sukuk Tuesday – leads

The Government of Dubai mandated five banks to arrange a benchmark-sized, dollar-denominated Islamic bond which is expected to price on Tuesday in the low four percent area. The mandated banks to arrange the deal are Dubai Islamic Bank, Emirates NBD, H…

Tamweel postpones sukuk

Tamweel postpones sukuk

Tamweel took the decision to delay the sale of a $235 million Shariah-compliant asset-backed securitisation after receiving feedback from the market. It seems that the deal structure was too complex by regional standards, which has only ever seen one p…

Good demand prompts DIB to launch sukuk

Good demand prompts DIB to launch sukuk

It seems that Dubai Islamic Bank has issued a $500 million (Dh1.8 billion), five-year sukuk sale after gaining good request.
Helping arrange the Regulation S transaction, after DIB met fixed-income investors in Asia, Middle East and Europe over the pas…

EIB completes issuance of $500m sukuk certificates

EIB completes issuance of $500m sukuk certificates

Emirates Islamic Bank (EIB) has successfully ended the issuance of $500 million sukuk certificates, maturing in 2017 off their $1,000 million Trust Certificate Issuance Programme. The programme is guaranteed by Emirates NBD rated A3 by Moody’s and A+ b…

Emirates NBD aims for 4pct Sukuk yield

Emirates NBD aims for 4pct Sukuk yield

It is possible that Emirates NBD will attract funds to the emirate’s first sukuk sale by a bank since 2007, with debt priced at a 150 basis-point discount to the government’s Islamic bond.
It seems that the lender’s Sharia-compliant unit is likel…

Emirates NBD plans to ?expand in Asia Pacific

Emirates NBD plans to ?expand in Asia Pacific

Emirates NBD is taking into consideration the opening of a representative offices in China and a number of Asia Pacific countries and the expantion of its Islamic banking operations in the region, joining an increasing number of Middle Eastern lenders …