Pakistan Borrows $2.5b via Eurobonds
Pakistan on Tuesday borrowed $2.5 billion through Eurobonds by offering very lucrative interest rates to lenders aimed at building foreign exchange reserves that remain...
Bank Indonesia Persistently Pushes for Transformation of Sharia Economy
Bank Indonesia (BI) has made unwavering efforts to boost transformation of the sharia economy and finance (EKSyar) as a new source of economic growth.
"The...
Sapura Energy Seals RM10.3 Billion Debt Refinancing
Sapura Energy Berhad today announced that its wholly owned subsidiary, Sapura TMC Sdn Bhd ('Sapura TMC'), had executed multi-currency financing facilities agreements (collectively, the...
Maldives to Raise $200 Mln via 5-yr Islamic Bonds
The government of the Maldives plans to raise $200 million via a five-year U.S. dollar-denominated sukuk, or Islamic bonds, yielding 10.5%, according to a...
Moody’s Says Robust Growth in Pakistan’s Islamic Banking a Credit Positive
International credit rating agency Moody’s has termed the impressive growth in Pakistan's Islamic banking assets as credit positive for banks.
On Wednesday, the State Bank...
Australian Government Offers $6M in Grants to Innovative Blockchain Teams
The Australian government has opened applications for grants up to $3 million each in funding to blockchain projects targeting supply chain tracking in the...