Business Blog

Energy supplier Npower is warned by regulators that it may have to stop sales to new customers unless it can send out bills on time.

DUBAI, June 19 (Reuters) - Banque Saudi Fransi 1050.SE , the kingdom&aposs fourth-largest listed lender, has completed a capital-boosting sukuk issue worth 2 billion riyals ($533 million), it said in a statement on Thursday.The Islamic bond, which has a ten-year lifespan but with an option for the bank to repay investors after the fifth year, priced at 140 basis points over the three-month Saudi i

Fitch Ratings has affirmed the Islamic Development Bank's (IsDB) Long-term Issuer Default Rating (IDR) at 'AAA' with a Stable Outlook and its Short-term IDR at 'F1+'.

(Updates details)DUBAI, June 19 (Reuters) - Turkish participation bank Kuveyt Turk has launched a $500 million, five-year sukuk offer that will price later on Thursday, a document from lead arrangers showed.The transaction is set to a price at a spread of 340 basis points over mid-swaps, a document from lead managers said, at the tight end of final guidance of 350 bps plus or minus 10 bps given ea

Turkish participation bank Kuveyt Turk has launched a $500 million, five-year sukuk offer that will price later on Thursday, a document from lead arrangers showed.

Turkish participation bank Kuveyt Turk has launched a $500 million, five-year sukuk offer that will price later on Thursday, a document from lead arrangers showed.