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Showing 1751-1760 of 2145 results.
Saudi Arabia’s DMO to help develop a yield curve for other issuers
Plans for the creation of a debt management office (DMO) in Saudi Arabia demonstrate how it has begun turning to alternative forms of financing amid low oil prices. The DMO would likely assist in the sovereign’s planned bond sale, which could help create a yield curve for local corporates to follow.
31 May 2016
Noor Bank scales capital market activities with Basel III in sight
Noor Bank’s recently issued Tier 1 sukuk is a sign compliance with Basel III requirement is edging upward on the agenda of various banks across the Middle East. Far from restricting entities in what they can lend or borrow, it has enabled them to make wiser choices when accessing or lending capital.
31 May 2016
CASE STUDY: Boubyan’s Sukuk Sets a Number of Firsts
Boubyan Bank’s capital boosting sukuk is the first Islamic bond to be issued by a Kuwaiti bank and the first ever Basel III-compliant Tier 1 US dollar-denominated sukuk. The transaction marked Boubyan’s first entry onto the international capital markets. It is the first Tier 1 issuance to emerge from the GCC since November 2015 and the first sukuk out of Kuwait since 2007.
31 May 2016
On The Horizon in EMs
Deals, rating actions, currency movements, policy changes, and the occasional bit of hearsay. Here is your daily snapshot of what’s happening, and what’s on the horizon, in emerging markets.
27 May 2016
MTN Uganda calls up banks for US$114mn loan
MTN Uganda’s loan is a rare transaction amid low fixed income activity in the country. The deal attracted the interest of international lenders due to the strength of the borrower in the region’s markets, which assisted in achieving competitive pricing.
27 May 2016
Banking Africa’s Corporate Sector
Africa’s corporate sector is grossly under-banked. The corporate sector will undoubtedly be the main driver of Africa’s growth over the medium term. This will require credit.
27 May 2016
On The Horizon in EMs
Deals, rating actions, currency movements, policy changes, and the occasional bit of hearsay. Here is your daily snapshot of what’s happening, and what’s on the horizon, in emerging markets.
26 May 2016
Qatar surprises markets with record US$9bn bond
Despite Qatar’s record breaking bond surprising the markets, it is unlikely that there will be a large shift in the pricing of Middle Eastern debt unless the majority of investors that bought the bond were local. It is also unlikely to cause other issuers in the region from saturating domestic or international markets.
26 May 2016
Nigeria easing up currency controls could prompt net outflows
The possibility of a partial free float of the naira would benefit the Nigerian economy. The country’s FX reserves would see a reprieve, and low dollar-denominated oil revenues would be bolstered by a reset in naira rates.
26 May 2016
Are Middle Eastern lenders losing ground to international heavyweights?
The increasing participation of international lenders, including Asian banks, on debt transactions in the Middle East is a sign that local lenders are suffering from a shortage of liquidity. However, deposit rates are increasing in some Gulf countries, and there is still liquidity in some countries’ banking sectors, although lending has been contained to banks’ local markets.
26 May 2016