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Banque Saudi Fransi 'plans $533 mln sukuk by end-June'

BY Reuters |

Banque Saudi Fransi (BSF) plans to sell a capital-boosting Islamic bond worth around 2 billion riyals ($533 million), two banking sources aware of the matter said on Sunday, with a deal likely to happen by the end of June.
Etisalat 'seeks banks to arrange debut bond deal'

BY Reuters |

Abu Dhabi-based telecom firm Etisalat has sent out an invitation to banks to pitch for arranger roles on a potential bond issuance, sources said.
IOI Properties to raise $463 mln from Islamic bonds

BY Reuters |

Malaysia's IOI Properties Group Bhd said it had applied for regulatory approval to issue Islamic bonds worth 1.5 billion ringgit ($463.3 million) to repay existing loans and fund land development and other investment.
Etiqa Takaful eyes debut sukuk as soon as this month

BY Reuters |

Etiqa Takaful Bhd, Malaysia's largest Islamic insurer and a unit of Malayan Banking Bhd, plans to issue 300 million ringgit ($92.2 million) in sukuk as early as this month to boost its capital, its chief executive told Reuters.
New sukuk to open door for long-term issues by state firms: Dubai

BY Reuters |

Dubai's government hopes its first 15-year sukuk issue - an unusually long tenor for an Islamic bond - will pave the way for long-term debt sales by its state companies, the Department of Finance said on Wednesday.
KLCC REIT gets OK to sell $930 mln of Islamic bonds

BY Reuters |

KLCC Real Estate Investment Trust, Malaysia's largest REIT, has received regulatory approval to sell up to three billion ringgit ($929.51 million) of Islamic bonds.
IMG Theme Park gets $327 mln Islamic loan

BY Reuters |

Dubai-based entertainment venue IMG Theme Park has successfully closed a 1.2 billion dirham ($327 million) syndicated Islamic facility, as the company prepares for an increase in the influx of tourists into the emirate.
PNB forms Japan's first sharia-focused fund with local partner

BY Reuters |

Malaysia's largest asset manager Permodalan Nasional Bhd has partnered with Tokyo-based Inspire Corp to form Japan's first fund devoted to investing in Malaysian sharia-compliant firms.
A&O, Latham star in SEC’s $2.5 bln sukuk issuance

BY Vasundhara Chatterjee |

Allen & Overy and Latham & Watkins have advised on Saudi Electric Company’s (SEC) issuance of a 30-year international sukuk worth $2.5 billion.
Dubai to challenge London with Islamic financing platform

BY Reuters |

Dubai will compete with London for a share of Islamic banks' liquidity management business by offering a new platform for murabaha trading.