Thursday, May 06, 2010

Thursday bullets

  • Saudi Electric Company cut the yield guidance on its next sukuk issuance to 95 basis points over SIBOR compared to a spread of 160 basis points over SIBOR for its last sukuk.
  • The Asian Development Bank is considering starting a multi-billion sukuk program.
  • Dubai World will begin not paying interest on its debts beginning this month.
  • Yuri Asset Management received approval for the first Islamic investment fund.
  • Bank Islam and several Middle Eastern investors are looking to invest in Bank Muamalat's rights issue.

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