Edition:
United States

Yousef Saba

Oman, in talks for Gulf aid, plans three-part bond sale

Oct 19 2020

DUBAI Oman is planning its first international bond sale of the year and has started discussions with some Gulf countries for financial support, documents showed on Monday, as it seeks to shore up its fragile finances.

Saudi 'proxy' Bahrain grabs $2 billion with bond comeback

Sep 09 2020

DUBAI Bahrain sold $2 billion in its second bond offering of the year on Wednesday, a dual-tranche issuance comprising seven-year sukuk, or Islamic bonds, and a 12-year conventional tranche.

Saudi Electricity readies dollar bond deal - sources

Sep 08 2020

DUBAI State-controlled Saudi Electricity Company (SEC) , the kingdom's electric transmission monopoly, plans to issue U.S. dollar-denominated bonds soon, four sources familiar with the matter said on Tuesday.

UPDATE 2-Bahrain hires banks for second bond issuance of 2020

Sep 08 2020

DUBAI, Sept 8 Bahrain has hired banks to arrange a multi-tranche sale of U.S. dollar-denominated sukuk and bonds that would be the country's second bond issue this year, a document from one of the banks arranging the deal showed on Tuesday.

Middle East, European funds grab Dubai bonds, while Asia shies away

Sep 03 2020

DUBAI Dubai's $2 billion dual-tranche bond sale on Wednesday was backed mostly by funds in the Middle East, Europe and the United Kingdom, a document showed, while the emirate's lack of a rating may have contributed to Asian investors shying away.

Mideast, European funds grab Dubai bonds, while Asia shies away

Sep 03 2020

DUBAI, Sept 3 Dubai's $2 billion dual-tranche bond sale on Wednesday was backed mostly by funds in the Middle East, Europe and the United Kingdom, a document showed, while the emirate's lack of a rating may have contributed to Asian investors shying away.

Returning to public debt markets after six years, Dubai gets $2 billion

Sep 02 2020

DUBAI The government of Dubai sold $2 billion in dual-tranche bonds on Wednesday, its first sale in public debt markets in six years, as it seeks to boost finances hit by the coronavirus crisis.

UPDATE 3-Dubai plans comeback to debt markets amid sharp economic downturn

Aug 31 2020

DUBAI, Aug 31 Dubai has hired banks to advise it on its comeback to the international debt markets as the Middle East trade and tourism hub seeks to bolster finances hit by the coronavirus pandemic.

UPDATE 2-Abu Dhabi returns to bond market, raising $5 bln in three-part bonds

Aug 25 2020

DUBAI, Aug 25 Abu Dhabi raised $5 billion through a three-tranche bond offering on Tuesday, the oil-rich Gulf emirate's third foray into the international debt markets this year to prop up its finances following a fall in crude prices.

Oman secures $2 billion bridge loan: sources

Aug 12 2020

DUBAI The government of Oman has signed a one-year $2 billion bridge loan with a group of international and regional banks, two sources with knowledge of the matter said on Wednesday.

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