One year after the SABB-Al Awwal merger was consummated, National Commercial Bank (also known as Al Ahli Bank) and Samba Financial Group have signalled their intention to merge. However, as the aborted NCB-Riyad Bank alliance shows, the road ahead re...
On 27 January, Dubai Islamic Bank, referring to the DIBUH 6.75% Perp, disclosed that, 'the Financial Regulator has delivered written notification to DIB stating that the Effective Date is 15 January 2020. The bond documentation defines the 'Effective...
The government published revised restructuring scenarios for its external debt (ie US$ bonds and loans) on 11 June. These follow the first set of indicative restructuring scenarios presented in November (see our researchhere). The bond was issued at ...
Stuart Culverhouse @ Tellimer Research 13 June 2019
The Turkish state-owned banks, Privatbank, Dubai Islamic Bank, Noor Bank and Zenith Bank have all featured in the news over the weekend and/or today. Turkish banks (TCZIRA, VAKBN, HALKBK, EXCRTU):Following the announcement of the New Economy Plan ear...
Noor Tier 1 Sukuk Limited operates as a special purpose entity. The Company was formed for the purpose of issuing debt securities to repay existing credit facilities, refinance indebtedness, and for acquisition purposes.
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