Noor Bank Supports Bonds, Loans and Sukuk Middle East 2015

Dubai-UAE: 02 June, 2015 – Noor Bank is a leading supporter at the two-day ‘Bonds, Loans and Sukuk Middle East 2015’ that has converged bankers, issuers and investors to discuss developments in the bond, as well as syndicated financing and Sukuk markets across the region and beyond. 

As part of Noor Bank’s support to the Middle East’s largest annual finance and investment conference, Saadaat Yaqub, Head of Wholesale Banking, will share insights at a panel discussion that will examine the potential of reconnecting Turkey’s debt market with the Middle East. The session will also explore opportunities for GCC lenders in Turkey and the perceptions of GCC investors towards lending to Turkish companies and projects. Noor Bank has lead managed more than US$5 billion of syndications and capital market mandates for Turkish borrowers since 2010.

In yet another session, Damian White, Treasurer, Noor Bank is set to participate in a debate that will focus on refinancing outstanding liabilities in loan markets versus refinancing in the bond and Sukuk markets.    

Commenting on Noor Bank’s presence at the event, Saadaat said, “The event provides a key platform to network and build stronger relationships with decision makers from the industry. In April, the bank achieved one of the lowest pricings in the UAE for its own debut Sukuk, which generated a strong global response and was over-subscribed 4.3 times, further reflecting the strong investor appetite. Going forward, the bank is keen to evaluate other options in the debt capital markets.”

For his part, Damian said, “Noor Bank’s Treasury team is active in the Sukuk market, providing liquidity in secondary markets and supporting the distribution of primary issues arranged by the bank’s capital markets team.  In addition, Treasury offers a range of contemporary Islamic products that allow both issuers and investors to manage their financial risks in a Shari’a compliant manner.”

Noor Bank is a gold sponsor of the event in Dubai. The sponsorship is a continuation of Noor Bank’s participation at the Bonds, Loans and Sukuk event in Turkey in 2014. 

Noor Bank has earned an industry-wide reputation for successfully leading, managing and arranging syndicated facilities and Sukuk issuances. The bank’s Investment Banking team has a successful track record of originating, structuring, executing and distributing over US$40 billion worth of mandates in a span of five years.