Turn on more accessible mode
Turn off more accessible mode
Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Awards
BBK awarded for distinguished Corporate Governance practices
Bahrain’s pioneer in commercial and retail banking
BBK wins first place for excellence in Corporate Governance practices
BBK wins Bahrain eContent Award
BBK newsletter
CINET
BBK Press releases
Latest News
Archives
Financial News
Latest News
Archives
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Media Center
Financial News
Archives
Archives
22-02-23
Egypt prepares yield of 11.62 percent for its dollar-denominated sukuk
(MENAFN) Egypt has prepared a first yield of 11.625 percent for the sale of its three-year, dollar-denominated sukuk on Tuesday as part of the nation’s actions to resolve its foreign trading catastrophe.
The sukuk is going to be of main size or in the range of USD500 million, in line with a document studied by a news agency.
Egypt’s finance minister Mohamed Maait informed the agency in December that the nation was aiming at between USD1.5 billion as well as USD2.5 billion from its initial sovereign sukuk.
To be registered on the London Stock Exchange, the sukuk is going to be released via The Egyptian Financial Co. for Sovereign Taskeek, with the finance ministry as the obligor.
Mutual top managers and book runners on the sukuk are Abu Dhabi Islamic Bank, Citi, Credit Agricole, Emirates NBD Capital, First Abu Dhabi Bank as well as HSBC, the document on the agreement issued.
The cash-strapped countries also deal with a USD1.25 billion Eurobond repayment on the 21st of February, and a positive sukuk issue could support repay the debt.
MENAFN22022023000045014228ID1105613811
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us