Tagged: HSBC Holdings

Saudi Civil Aviation Hires HSBC, NCB, StanChart for Sukuk

Saudi Civil Aviation Hires HSBC, NCB, StanChart for Sukuk

<p>Saudi Arabia&rsquo;s General Authority of Civil Aviation hired three banks for a local-currency sukuk. The Saudi Arabian affiliate of HSBC Holdings Plc (HSBA), National Commercial Bank&rsquo;s investment banking unit and Standard Chartered Plc will manage the sukuk sale. NCB Capital and Standard Chartered bid jointly for the mandate. It was not specified how much the authority sought to raise, neither was the timing of the sale. GACA said last year it plans to issue a second tranche of notes to fund an airport expansion in the Saudi capital, Riyadh. The company sold Islamic debt last year at 2.5 percent and used proceeds to finance an airport expansion in the Red Sea port city of Jeddah.</p>
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<p><a href="http://www.bloomberg.com/news/2013-06-11/saudi-civil-aviation-said-to-pick-hsbc-ncb-stanchart-for-sukuk.html" title="http://www.bloomberg.com/news/2013-06-11/saudi-civil-aviation-said-to-pick-hsbc-ncb-stanchart-for-sukuk.html">http://www.bloomberg.com/news/2013-06-11/saudi-civil-aviation-said-to-pi…</a></p>
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Saudi Electric Chooses Banks for Sukuk

Saudi Electric Chooses Banks for Sukuk

Saudi Electricity Co has chosen Deutsche Bank and HSBC Holdings to schedule meetings with fixed income investors from Europe and North America for possible debt agreements. The meetings would be considered as road shows, with the first to be held on Ma…

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…

Abu Dhabi Islamic Bank up on sale roadshow

Abu Dhabi Islamic Bank up on sale roadshow

It seems that Abu Dhabi Islamic Bank (Adib) rose the most in three months, as the country’s second-biggest Sharia-compliant lender continued with its roadshow to sell a $500 million five-year sukuk.
The sale will be oragnized by Citigroup, HSBC Holding…