IslamicFinance.de

Jebel Ali Free Zone FZE wants to raise a mix $1.85 billion from a bank facility and the sale of Islamic bonds to help refinance its 7.5 billion-dirham ($2 billion) debt maturing in November.
It appears that the company authorized Abu Dhabi Commercial Bank PJSC, Abu Dhabi Islamic Bank PJSC, Citigroup Inc., Dubai Islamic Bank PJSC, Emirates NBD PJSC, National Bank of Abu Dhabi PJSC and Standard Chartered Plc to prepare investor meetings in Asia, Europe and the Middle East from June 5 ahead of a possible sukuk sale.

Majid Al Futtaim Holding LLC initiated a $1 billion Islamic bond program to boost cash reserves.
It appears that HSBC Holdings Plc, Standard Chartered Plc, Abu Dhabi Islamic Bank PJSC and Dubai Islamic Bank PJSC were hired as arrangers of the program.
The company wants to raise about $500 million from the sale of five-year Islamic bonds.

SNR Denton has announced that the firm advised Abu Dhabi Islamic Bank PJSC, Al Hilal Bank PJSC, Mubadala GE Capital PJSC, Al Khalij Commercial Bank, Al Khaliji France SA, Ajman Bank PJSC and First Gulf Bank PJSC on their successful participation in a Dh250 million Sharia-compliant facility.
The facility was made available to Emirates National Factory for Plastic Industries LLC, based in Sharjah.

The following borrowers are expected to sell Islamic bonds, which use asset returns to pay investors to comply with the religion’s ban on interest.
SAUDI ARABIAN OIL CO.: Saudi Aramco, the world’s largest state-owned oil company, and Total SA plan to sell Islamic bonds valued at $1 billion this year to fund construction of their joint oil refinery in Jubail, said Simon Eedle, global head of Islamic banking at Credit Agricole SA, the lead arranger of the sale.
ABU DHABI ISLAMIC BANK PJSC: The United Arab Emirates’ second-biggest Shariah-compliant lender hired HSBC Holdings Plc, Standard Chartered Plc and Barclays Plc to help sell bonds, according to two bankers familiar with the plan. The bank has a $5 billion sukuk trust certificate program, according to a prospectus dated July 8 posted by the company on the London Stock Exchange’s website.
PT BANK MUAMALAT INDONESIA: The Islamic lender plans to sell 1 trillion rupiah ($112 million) of Islamic bonds in the second half of 2011, Andi Buchari, director of compliance and corporate planning at the Jakarta-based bank, was quoted as saying by the Investor Daily newspaper last week.