Sharjah Islamic Bank has begun marketing a US dollar-denominated benchmark size sukuk to global investors this week, according to a report from Reuters.
Ivory Coast plans to complete a sale of CFA150bn (US$263mn) in 7-year sukuk this week, according to the ICD, the mandated lead arranger on the deal. The move follows a similar sale from Togo announced earlier this month.
Nigeria's Securities and Exchange Commission (SEC) is planning a NGN5bn Capital Market Development Fund (NCMDF) to promote and enhance the development of the country's capital markets.
The Saudi Arabian Central Bank's net foreign assets fell to US$555bn in July, down US$6bn in June. The Bank’s assets have shrunk to their lowest levels since 2012.
Aluminium Bahrain (Alba) is close to finalising a US$3bn deal consisting of an ECA-backed facility and sukuk with participation from a range of regional and global investors, according to a report from Reuters.
CLP India has raised Rs220 crore in an 8-year debenture to fund the development of the company's 1320 mw Jhajjar Power Plant (JPL) in Haryana.
The African Development Bank (AfDB) has approved a 7-year US$100mn loan to the Export Trading Group (ETG) to help fund the company’s five-year Agricultural Investment Program (IP) in Africa, the bank has announced.
Indonesia’s Len Telekomunikasi Indonesia (LTI) has secured a Rp975bn (US$73.46mn) syndicated loan to finance the Palapa Ring broadband project from the country's Ministry of Finance and a number of commercial lenders.
Colombia's GDP has slowed to 2% in Q2 2016 according to the country's Central Bank, while analysts were forecasting growth of between 2.3% and 2.5%. The country's Central Bank meets Wednesday and is expected to keep rates steady at 7.75%.
South Africa's budget deficit grew to ZAR73.2bn (US$5.1bn) in July, compared with a ZAR71.8bn shortfall over the same period last year, the country's treasury said.
Khazanah Nasional, the Malaysian sovereign fund, is considering selling as much as US$500mn of exchangeable Islamic bonds, according to a report form Bloomberg.
