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Al Hilal Bank to price $500 mln capital-boosting sukuk Tues

BY Reuters |

Abu Dhabi's Al Hilal Bank plans to raise $500 million from a capital-boosting Islamic bond issue, with pricing tightening ahead of completion on Tuesday due to investor demand, a document from lead arrangers said on Monday.
Kuveyt Turk launches $500 mln sukuk at tight end of final guidance

BY Reuters |

Turkish participation bank Kuveyt Turk has launched a $500 million, five-year sukuk offer that was priced on June 19, a document from lead arrangers showed.
Albaraka Turk issues price guidance for benchmark dollar sukuk due Monday

BY Reuters |

Turkish participation lender Albaraka Turk plans to complete a benchmark-sized sukuk issue with a five year lifespan on Monday, a document from lead arrangers said, with initial pricing thoughts for the deal announced.
Al Rajhi Capital to launch first sukuk fund

BY Reuters |

The investment banking arm of Saudi Arabia's Al Rajhi Bank has received regulatory approval for its first mutual fund that will invest in sukuk (Islamic bonds), as demand for sharia-compliant debt rises in the Gulf's largest economy.
Kuveyt Turk 'plans benchmark 5-year sukuk'

BY Reuters |

Turkish participation bank Kuveyt Turk plans to price a benchmark-sized Islamic bond issue on Thursday after giving initial price thoughts for the five-year offering, a document from lead managers said.
Societe Generale sets up sukuk programme in Malaysia

BY Reuters |

Societe Generale , France's third-largest bank by assets, will set up a 1 billion ringgit ($311.3 million) multicurrency sukuk (Islamic bonds) programme in Malaysia, the second conventional bank to do so in as many weeks.
RHB eyes Islamic funds to boost regional business

BY Reuters |

RHB Asset Management, the investment arm of Malaysia's fourth-largest bank RHB Capital, plans to launch a series of Islamic funds across Asia in the next year to take advantage of growing interest in sharia-compliant investments.
RAKBANK joins UAE bond wave with $500 mln debut issue

BY Reuters |

United Arab Emirates-based National Bank of Ras Al Khaimah (RAKBANK) priced its debut $500 million bond on Tuesday, the latest offer from the UAE as heavy investor demand brings down borrowing costs for Gulf firms.
Commercial Bank of Qatar launches $750 mln bond, pricing at tight end

BY Reuters |

Commercial Bank of Qatar has launched a $750 million, five-year bond offer that will price later on Tuesday, with pricing at the tight end of guidance because of strong investor demand.
BTMU sets up $500 mln sukuk programme in Malaysia

BY Reuters |

The Bank of Tokyo-Mitsubishi UFJ (BTMU), Japan's largest lender, has set up a $500 million multicurrency Islamic bond programme through its Malaysian unit, aiming to become the first Japanese commercial bank to use sukuk for fundraising.