2013.10
China arrests Yunnan Tin chairman over bribes
Chinese authorities have arrested and charged the chairman of the world’s largest producer of refined tin, Yunnan Tin Co, for accepting bribes, a provincial government said, in the latest example of the country’s crackdown on graft.
SABIC attracts high demand for $1 bln bond market return
Saudi Basic Industries Corp, the world’s largest petrochemicals maker by market value, priced a $1 billion five-year bond on Thursday, with investor demand high for a rare dollar-denominated debt offering from a Saudi entity.
ACWA plans $800 mln Islamic bond by year end
Saudi water and power project developer ACWA Power plans to sell an $800 million debut Islamic bond this year and list on the Saudi stock exchange around the end of 2014, as it ramps up production capacity, its chief executive said on Thursday.
AMIC plans IPO as part of conversion into takaful firm
Oman’s Al Madina Insurance Co (AMIC) plans to list its shares on the local bourse as part of its transformation into a takaful (Islamic insurance) firm, the company said on Monday.
Oman Shipping signs $356 mln loan for ore carriers
Oman Shipping Company has signed a 137 million riyals ($355.8 million) loan with two local banks to fund the acquisition of four Very Large Ore Carriers (VLOCs), it said in a statement on Monday.
Doha Bank seeks shareholder nod for Tier 1 notes sale
Qatar’s Doha Bank said on Monday it would seek shareholder approval to issue a debt instrument worth two billion riyals ($549.3 million) to boost its Tier 1 capital, which would be sold by March 30 next year.
Al Khaliji to price debut $500 mln bond
Qatar’s Al Khaliji Commercial Bank will price a $500 million five-year bond on Wednesday, a document from lead managers said, in what will be the lender’s debut debt offering.
Taqa gets Kurdistan oilfield all clear
Abu Dhabi National Energy Company (Taqa) has received approval from the Kurdistan Regional Government (KRG) to develop the Atrush Block in the autonomous region of Iraq, the state-controlled company said on Monday.
Al Hilal Bank eyes benchmark dollar sukuk
Abu Dhabi government-owned Al Hilal Bank plans to issue a five-year benchmark-sized Islamic bond offering this week, a document from lead managers said on Sunday, in what would be the lender’s debut debt sale.
NBAD plans Asia push for debt markets business
National Bank of Abu Dhabi plans to expand its debt capital markets (DCM) business into Asia to help companies secure funding from the Middle East and North Africa (MENA), a senior bank official said on Tuesday.