Tagged: Goldman Sachs Group

Goldman Breaks Drought With Saudi Property Bond: Islamic Finance

Goldman Breaks Drought With Saudi Property Bond: Islamic Finance

<p>Goldman Sachs Group Inc. (GS) led its first sukuk in more than three years after helping a Saudi property developer raise $450 million. The bank was a lead arranger on Dar Al Arkan Real Estate Development Co. (ALARKAN)&rsquo;s sukuk on May 21, reforging links with the Riyadh-based real estate company after helping arrange the sale of its $450 million five-year bonds in February 2010. The New York-based bank is seeking to catch up with U.S. competitors as demand accelerates for securities that conform to Islamic principles. Increased competition in the industry could work in banks&rsquo; favor, as lower fees increase the chances borrowers will come to market and more banks means a greater profile for the Islamic industry.</p>
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<p><a href="http://www.bloomberg.com/news/2013-06-05/goldman-breaks-drought-with-saudi-property-bond-islamic-finance.html" title="http://www.bloomberg.com/news/2013-06-05/goldman-breaks-drought-with-saudi-property-bond-islamic-finance.html">http://www.bloomberg.com/news/2013-06-05/goldman-breaks-drought-with-sau…</a></p>
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Arcapita Seeks New Bankruptcy Loan From Goldman

Arcapita Seeks New Bankruptcy Loan From Goldman

Goldman Sachs Group Inc. (GS), which is already providing Arcapita Bank $350 million in bankruptcy exit financing, is now seeking to give the Bahrain investment firm a $175 million bankruptcy loan that would pay off existing lender Fortress Investment …