Emirates Mulls Sukuk for $4.5 Billion in Planes: Islamic Finance
Merlins work in CAR is continuously adapting to the situation on the ground and recent developments have led the organisation to focus its activities in Nana Mambere prefecture, in the west of the country. Merlin started a programme in August 2008 in Bouar and its surroundings supporting 3 health centres, and in 2012, incorporated a community Case Management project in 40 sites in Bouar and Baoro sub-prefectures. Merlin will scale up in this region in the beginning of 2013, continuing its work on primary health care and nutrition programme. In 2010, Merlin established mobile clinics in Mongoumba (South Western CAR), in response to the influx of refugees from North-western DRC.
Among financing options the company could tap the sukuk or non-Shariah-compliant bond market early next year, he said. Emirates last sold $1 billion of Islamic bonds in March, before speculation that the U.S. Federal Reserve will reduce its bond purchasing program prompted an emerging-market debt selloff and sent yields higher . The state-owned airline is undergoing a period of rapid growth as its home base Dubai recovers from the 2008 global financial crisis.
Market Chatter-Corporate finance press digest
* Citadel LLC, Virtu Financial, Two Sigma and RGM Advisors are among the companies bidding for E*Trade Financial Corp’s market-making unit in a deal expected to be worth $100 million to $200 million, several sources with direct knowledge of the situation said on Wednesday. * Institutional fixed-income trading platform providers Tradeweb and MarketAxess are among three bidders for BondDesk Group LLC in a deal that is expected to be valued up to $200 million, two sources familiar with the situation told Reuters this week. * Verizon Communications Inc and Vodafone Group Plc have restarted talks over a possible buyout of the British firm’s stake in their U.S. wireless joint venture, the Wall Street Journal said, a deal that is expected to cost Verizon more than $100 billion.