Showing posts with label credit agricole. Show all posts
Showing posts with label credit agricole. Show all posts

Friday, October 28, 2011

FRANCE - Credit Agricole may issue Islamic bond

(Reuters) - French lender Credit Agricole (CAGR.PA) is considering either issuing an Islamic bond or creating a wider sukuk program that could lead to several issues, as European banks seek to diversify funding, a senior executive said on Thursday.
"It's something that we're always looking at but it's probably more on the agenda today than yesterday because banks need to diversify funding," Simon Eedle, managing director and global head of Islamic banking, told the Reuters Middle East Investment Summit. (source)

Saturday, October 23, 2010

FRANCE - SUKUK - Saudi Aramco and France's Total ink $1b Sukuk for Jubail JV

JEDDAH - Saudi Aramco and France's Total will launch $1 billion Islamic bond (Sukuk) in the Q4 to build 400,000 barrels per day crude refinery in Jubail.

Simon Eedle, global head of Islamic banking at Credit Agricole, said the long delayed $1 billion Sukuk which was part of the financing for the Jubail refinery will launch in the Q4. Credit Agricole, Deutsche Bank and Samba Financial Group are the lead arrangers for the Sukuk.