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.

It seems that the Emaar Properties PJSC agreed on an $800 million Islamic loan with three banks that pays 3.5 per cent more than the benchmark rate.
The developer of the world’s tallest tower will also pay fees for the facility, which is supplied by Dubai Islamic Bank PJSC, Standard Chartered Plc and National Bank of Abu Dhabi PJSC. The financing is backed by Emaar’s flagship Dubai Mall.
The so-called profit rate is about 4%, compared with a yield of 8.55% on November 30 on Emaar’s Islamic bond maturing August 2016.